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The Struggle to Keep Up With Data Privacy Regulations

By Chris Maguire
April 01, 2018

Data privacy is one of the most important issues facing corporations, and amidst the challenges of protecting customer data, the regulatory landscape that oversees it is shifting on an almost daily basis.

In the last few years, we've seen the data privacy field — across legal, financial and compliance practices — dramatically change. And those changes are now accelerating. One of the most significant changes in recent years takes effect in May, with the implementation of the General Data Protection Regulation (GDPR) in the European Union, which enacts sweeping new regulations. In addition, countries around the globe are planning to use GDPR as the framework for their own data protection regulations. And other countries, such as Brazil, have their own data privacy legislation pending as well.

There's a lot at stake. GDPR and similar regulations carry harsh sanctions in addition to the reputational risks from enforcement actions.

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