U.S. Businesses Can't Hide From GDPR

The new GDPR (General Data Protection Regulation) is only weeks away and it’s estimated that only 21% of U.S. businesses have a plan in place. That means 79% of U.S. businesses haven’t figured out how they will report breaches in a timely fashion, provide customers the right to be forgotten, conduct privacy impact assessments (PIAs) and more. If you are one of those businesses that haven’t put a plan in place because you don’t think the new regulations apply to you in the U.S., you’re wrong.As the new regulation states, any company processing, storing or using data related to an EU citizen will be subject to citations and accompanying fines for noncompliance -- even if it’s just one customer. That’s right, there is nowhere to hide. If your organization manages data that involves even one EU citizen and you don’t properly comply with the new GDPR, you can face fines up to 4% of your global revenue (up to £20 million).For the full article, please visit the Forbes site here.

Get started with Egnyte today

Explore the best secure platform for business-critical content across clouds, apps, and devices.

Share this article
Author
Kris Lahiri

View All Posts
Don’t miss an update

Subscribe today to our newsletter to get all the updates right in your inbox.

By submitting this form, you are acknowledging that you have read and understand Egnyte's Privacy Policy

Thank you for your subscription!

Welcome to
Egnyte Blog

Product and Company Updates
Customer and Partner Updates
Life at Egnyte
Industry Insights
Contact Support