One Month Away: Should You Be Preparing for GDPR?

We’re now less than a month away from the beginning of the European Union’s enforcement of the General Data Protection Regulation (GDPR), effective May 25, 2018.

This is widely considered to be the most comprehensive data privacy regulation in the world, and it will impact all organizations that store and process personal data belonging to residents of the EU. Sanctions for violations of this standard can reach as high as €20 million or up to 4% of an organization’s annual revenue.

Simply put, GDPR standardizes data privacy regulations throughout the EU to enforce the protection of personal data.  

So why should organizations in North America be concerned with GDPR compliance?

The short answer is that the regulation applies if an organization collects data from EU residents or processes such data on behalf of another party. In today’s global economy, there are certainly many companies with clients, customers and employees located in the EU.

Should your company be preparing for GDPR compliance?  Visit our blog to learn more about what you should know.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2020 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

Impersonation Attacks Targeting Microsoft Teams
ProLock Ransomware Attacks Overview and Mitigation Strategies
Data and Technology Research Project Spotlight
How Risk Management and Internal Audit Can Add Value in Light of the Current Pandemic: COVID-19 Risk Considerations
Introducing the Schneider Downs Cybersecurity Newsletter
Ohio Unemployment Fraud Reporting Site under Attack

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102