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New Lock For EU’s Digital Mines

Indian companies dealing with European data wait ­anxiously as the EU pushes in new security rules

New Lock For EU’s Digital Mines
Illustration by Saji C.S.
New Lock For EU’s Digital Mines
outlookindia.com
2018-03-17T11:10:34+05:30

Pretty soon, Indian companies, especially those associated with European companies, will have to walk that extra mile to protect personal data. Come May 25, the European Union (EU) will enact a new set of regulations, called the General Data Protection Regulation (GDPR), which will impose stringent conditions for personal data protection and privacy laws.

What’s more, any violation of or non-compliance with the new regulations will ­attract the strictest of penalties and fines. On an ­average, the new regulations call for up to 4 per cent of a company’s global revenue as penalty.

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