The GDPR deadline is fast approaching; how enterprises are preparing

The deadline for compliance with the European Union General Data Protection Regulation (GDPR) is May 25, 2018. Many organizations have spent countless hours already in their preparation for the deadline, while other organizations are just getting around to reading up on it.

GDPR, like Y2K of a couple decades ago, has international implications that for some organizations HAS to be addressed as GDPR will impact the lifeblood of their operations, whereas for most organizations, some due diligence needs to be done to ensure they are within the compliance of the regulation.

GDPR is today’s Y2K

I reference Y2K because I was one of the advisors to the United States White House on Y2K and spent the latter part of the decade before the millennium switchover traveling around the globe helping organizations prepare for 1/1/2000. Today with GDPR, as I did then with Y2K, believe there are fundamental things every organization needs to do to be prepared for the deadline, but to NOT get caught up in the hype and over speculation to the Nth degree detail that’ll drive you crazy. 

What is GDPR?

To help those catch up on what GDPR is, the regulation technically went into effect in 2016 and the deadline for compliance is May 25, 2018.  The thing that scares people is that fines for non-compliance are up to 20-million Euros or 4% of the company’s prior year worldwide revenue, which is an alarming number that gets everyone’s attention. 

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