Given the rise of both Donald Trump and Theresa May, there’s never been more focus on regulations in recent memory. But the regulation that is starting to loom largest in the minds of business executives emanates from Brussels rather than Washington or London.
In a little over a year, the European Union is gearing up to implement its General Data Protection Regulation (GDPR) that requires all personal data collected by companies operating within the EU to be centrally managed under the auspices of a chief data protection officer—and regularly audited. Any security breach pertaining to any of that data must also be reported immediately.
But the GDPR doesn’t just stop there.