EU GDPR MEANS BUSINESS
If you work in the European Union or do business with a member state then EU General Data Protection Regulation (GDPR) applies to you.
Actual from 25th May 2018 and having a global footprint, EU GDPR enforces standards that harmonize the security of personal data and its management.
Under GDPR, EU citizens own their information and can restrict its use, demand it be removed or permit more than one organization to use it.
Organizations are forced to provide a protective environment for the collection, handling, and storage of personal data. This includes defining access permissions, passwords and data encryption.
Ruling that all UNENCRYPTED data breaches be reported within 72 hours, EU GDPR sanctions for failing to do so can reach €20M or 4% of an organization’s last total annual global turnover. Additional measurements include paying compensation to people if their recognizable personal data leaks.