On April 14 after four years of deliberation, the General Data Protection Regulation (GDPR) won final approval requiring businesses who deal with personal data of EU citizens, both in and outside of the EU, to strengthen their cybersecurity policies or face substantial fines.
“The new rules will ensure that the fundamental right to personal data protections is guaranteed for all,” said a statement released by the European Commission.
Read more at http://www.advisenltd.com/2016/04/28/new-eu-data-protection-rules-could-mean-massive-fines-for-businesses/
Josh Bradford, New EU data protection rules could mean massive fines for businesses (April 28, 2016), available with subscription at Advisen Cyber Front Page News.
Advisen Ltd. 