There’s currently a huge amount of boardroom discussion and activity around the forthcoming General Data Protection Regulation (GDPR) legislation that is set to become mandatory across the European Union in May 2018.
Nick Gibbons, cybersecurity expert and partner at BLM, comments on an article regarding the GDPR in Business Value Exchange, a news site which addresses some of the challenges faced by senior business and IT leaders.
Nick points out that an ever-growing amount of data is tied to individuals, which will accelerate as the Internet of Things grows. “By 2020, it is expected that for every person on the planet, there will be 40 devices connected to the internet – an overwhelming trove of data linking person to product or service.” Responsibility for data protection ultimately falls to the companies gathering and storing it, and the GDPR is an opportunity for companies, he says. “GDPR is an attempt to standardise data handling across the EU and give citizens back control of their own information. Compliance is an opportunity for organisations to build consumer trust by improving the stringency of internal data protection policies.”
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