The General Data Protection Regulation (GDPR) will go into effect on May 25, 2018. The GDPR strengthens privacy protections in the EU and includes a number of additional rights and responsibilities.
I created this cartoon to illustrate the fact that despite the increasing risk that privacy violations pose to an organization, many organizations are not increasing the funding and resources devoted to privacy. More work gets thrown onto the shoulders of under-resourced privacy departments.
It is time that the C-Suite (upper management) wakes up to the reality that privacy is a significant risk and an issue of great importance to the organization. Looming on the horizon is the enforcement of the new EU General Data Protection Regulation (GDPR), which will begin in 2018. It’s never too early for organizations to start preparing. GDPR imposes huge potential fines for non-compliant organizations — up to 4% of global turnover in many cases. For more information, see the FAQ page I created about the GDPR and privacy awareness training.
Of course, the C-Suite may be quick to say that privacy is very important, but what matters most are the actions they take. Privacy office budgets and sizes should be going up by a lot these days.
I have produced a new Privacy Shield training course that provides a short introduction to the EU-US Privacy Shield Framework. Privacy Shield is an arrangement reached between the EU and US for companies to transfer data about EU citizens to the US. Privacy Shield replaces the Safe Harbor Arrangement, which was invalidated in 2015 in the case of Schrems v. Data Protection Commissioner.