April 11th, 2018.

Time is ticking for businesses to ensure GDPR compliance. Here, we look at the factors to consider in the run-up to the May 25th deadline.

After long debates that lasted several years, the European Parliament has approved the GDPR (General Data Protection Regulation) back on April 14th 2016. Companies had a period of two years to implement the guidelines of this regulation and the final deadline is drawing closer. The enforcement date is slated for May 25th 2018. If your company fails to implement the provisions of this regulation, then you may face heavy penalties.

So, the first thing that you need to do is understand what the GDPR is all about and why it was approved by the European Parliament. The GDPR is a regulation that was brought forward due to increasing concerns about the privacy of the citizens of the European Union. The GDPR replaces the outdated and obsolete Data Protection Directive 95/46/EC.

Companies will now have to do a lot more in terms of protecting the privacy of their clients. The companies that will have to enforce the regulations of this regulative are the ones that are registered in a country in the European Union. Even non-EU companies will have to obey the rules of the GDPR if they have acquired private information of EU citizens.

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