In May 1986, a little-known Swedish band called Europe released their international breakthrough album, The Final Countdown – topping the charts in 25 countries. Thirty years later in May 2016, the European Commission released the official EU General Data Protection Regulation (GDPR) – another international breakthrough with a far greater global impact, albeit on the data privacy and protection landscape. But when legislation becomes law on May 25th 2018, will you be prepared? With just one year left, it’s the final countdown.
Data flow is evolving from the ground up – quite literally – with Big Data, the Cloud and IoT changing the way we store, process and share information. But with the rapid growth of data – expected to reach 44ZB by 2020 according to IDC – comes an exponentially larger surface area for hacks, attacks, loss and theft.
The EU General Data Protection Regulation was adopted in April 2016 and will, after two-years of transition, be applied starting May 2018. As we head fast into 2017, it would be easy to start thinking that there is still over a year left before your company must be compliant, but how much have you done to get ready in the last eight months? Probably in all reality, not as much as you would like.