ASSESSMENTS

What the GDPR Means for Companies in Europe and Beyond

May 25, 2018 | 08:00 GMT

Though the GDPR standardizes data protection policies across the European Union, each individual member state is required to place its own language into national law, leaving the door open for countries to interpret and implement the regulations in different ways.

Though the GDPR standardizes data protection policies across the European Union, each individual member state is required to place its own language into national law, leaving the door open for countries to interpret and implement the regulations in different ways.

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Highlights

  • Not all EU member states have enacted national laws on data protection, and many will have difficulty shouldering the costs of doing so.
  • The second half of 2018 will provide early indicators of how much the European Union can influence large technology companies to address the privacy concerns of EU citizens.
  • Uncertainty regarding the severity of national enforcement could influence the regional development of technology, especially in terms of small and medium-sized enterprises.
 

On May 25, in response to the privacy concerns of EU citizens and in an effort to make data privacy laws consistent across its members' borders, the European Union begins enforcing its General Data Protection Regulation (GDPR). For two years, companies worldwide have been preparing for the changes, which will be widespread and impact major elements of their day-to-day operations....

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