The Data Protection Directive 95/46/ec will be replaced with the new General Data Protection Regulation on the 25th of May 2018 in every country in the European Union. The General Data Protection Regulation (GDPR) contains protections for EU data subjects, contains sanctions for non-compliant data controllers and processors. The GDPR represents the most significant change to data protection law in more than two decades. However, the reach of the GDPR will not be limited to Europe.
Cyberattacks have and are continually making headlines, impacting businesses and individuals alike as hackers look to steal sensitive data and make a quick payday. Techniques are becoming more sophisticated to avoid detection, convince users to download malicious files and extort businesses into paying to restore their data. The breaches over the years have taught individual users and business leaders many lessons, but organizations as well as governments must prepare for the potential threats of the future.
Everyone within an organization is responsible for protecting the customer and business data, but the results of security efforts vary. As safeguarding becomes more of a priority, government bodies are creating their own initiatives to ensure that every company follows cyber protocols. The European Union recently launched the General Data Protection Regulation, which will impact all transactions within EU member states.