The General Data Protection Regulation (GDPR) is expected to set a new standard for consumer rights regarding their data. Companies however are sure to face challenges implementing the necessary systems and processes to achieve compliance.
GDPR is a regulation that requires essentially all business that collect data on citizens in European Union (EU) countries to protect the personal data and privacy of EU citizens for transactions that occur within EU member states.
Failure to comply with the new rule can lead to a wide range of non-financial and financial penalties which could be as high as the larger of 20 million euro or 4 percent of annual global turnover.
Companies seeking to prepare for GDPR compliance must develop an approach that combines formal policies and advanced technologies to:
The surveillens platform provides organizations with a holistic data governance program that will not only ensure compliance with the requirements of the GDPR but will also enable organizations to transform their existing data management practices into value drivers for the entire business.
Contact us by phone or email or download our brochure to see how surveilLens can help your company in its GDPR compliance efforts.