In three months, the EU’s General Data Protection Regulation (GDPR), one of the strictest privacy laws in the world, will go into effect. It will apply to companies that collect or process personal data of EU residents, regardless of whether the company is physically located in the EU. Companies that violate the law will be penalized up to 4% of their annual worldwide revenue for the preceding financial year or 20,000,000 EUR, whichever is greater. Is your organization ready?
Shook’s Privacy and Data Security Team regularly counsels multinational companies to comply with international privacy laws like the GDPR. In an effort to help in-house lawyers understand whether the GDPR applies to their organizations and how to minimize its risks, we have prepared a webinar that provides tips on developing a GDPR compliance program. The webinar is on-demand and complimentary. Check it out here, and feel free to leave comments.