Data Protection gets Interesting
Published: 27 February 2016
The draft General Data Protection Regulation (often referred to as GDPR) should be formally adopted in the coming months, and come into force in two years’ time.
It will extend the scope of the EU data protection law to foreign companies processing data of EU residents, and provide for a harmonisation of the data protection regulations throughout the EU. The measure has been described as ‘the most comprehensive reform of data protection law ever in the EU’s history’.
The result of this is that data protection will become much more important to businesses as sanctions for failure to comply include fines of up to four per cent of global annual turnover.
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