Fueled by criminals, cybercrime is a thriving line of work. Demands for better security of personal data are ever increasing as perpetrators work endlessly to find ways to threaten user information. Because of this problem, lawmakers give those who gather customer data a more difficult burden to bear in terms of compliance.
Obviously, it is very difficult to strong-arm the European Union. But the General Data Protection Regulation (GDPR) aims to toughen and standardize laws that govern the collection, use, and protection of consumer data. According to a report by RES, the GDPR will provide:
— Sweeping requirements for granting much greater personal control of data by EU citizens
— Detailed notification requirements when data breaches occur
— The need for organizations to hire “data protection officers” focused on protecting consumer data
— Much heavier fines for organizations found in breach of GDPR regulations
While companies don’t have to officially comply with the new laws until May 2018, compliance heads are better off beginning implementation now as changes can’t be easily or quickly made to IT infrastructures and databases.