The European Union’s General Data Protection Regulation (GDPR) will come into effect on May 25, 2018, and all businesses that serve European Union customers will be required to comply. The GDPR details how companies must protect personal information, and companies are advised to begin preparations immediately (if they have not already begun) since the regulation has been published as of May 2016.
Companies that fall out of compliance with the GDPR will not only be required to pay fines, but may also face lawsuits and additional audits. Should companies actually suffer a data loss as a result of noncompliance, they would also have to pay the substantial price of rebuilding customer trust, and recovering from damage to the brand.
Download this solution brief to learn more about the following:
- What companies will have to do in order to comply with the GDPR.
- The challenges companies will face in order to comply with GDPR regulations.
- 5 ways data virtualization can provide seamless GDPR compliance.
- The benefits of data virtualization in the context of GDPR.
- How Asurion successfully implemented data virtualization to centralize their security management around a single point of control.