IncreaseGDPR Will Help Businesses Value Data
Posted: Sat Feb 08, 2025 10:31 am
What benefits does the GDPR bring to businesses?
Sergey Stelmakh | 04/26/2018
GDPR Will Help Businesses Value Data
On May 25, Europe will switch to updated rules for processing personal data, established by the General Data Protection Regulation (GDPR). This regulation, which has direct effect in all 28 EU countries, will replace the framework Directive on the protection of personal data 95/46/EC of October 24, 1995. An important nuance of the GDPR is the extraterritorial principle of the new European rules for the processing of personal data, so companies focused on the European or international market should pay close attention to them.
Dmitry Sirota, CEO and co-founder of the information security company BigID, discusses on the InformationWeek portal the consequences of the introduction of the GDPR provisions and the benefits that the business audience can derive from it.
But before touching on the benefits, the expert iran mobile database attention to the tightening of penalties for violating the rules for processing personal data - fines reach 20 million euros or 4% of the company's annual global income. The basis for the adoption of the document was the desire of the EU authorities to grant their citizens fundamental rights regarding their personal information. After the introduction of the GDPR, they will be able to get a better idea of how businesses manage their data.
According to the International Association of Information Security Professionals (IAPP), Fortune Global 500 companies are willing to spend approximately $7.8 billion to comply with the GDPR. To do this, they will need to undergo the appropriate compliance procedure.
Data is the key to understanding the customer
Sergey Stelmakh | 04/26/2018
GDPR Will Help Businesses Value Data
On May 25, Europe will switch to updated rules for processing personal data, established by the General Data Protection Regulation (GDPR). This regulation, which has direct effect in all 28 EU countries, will replace the framework Directive on the protection of personal data 95/46/EC of October 24, 1995. An important nuance of the GDPR is the extraterritorial principle of the new European rules for the processing of personal data, so companies focused on the European or international market should pay close attention to them.
Dmitry Sirota, CEO and co-founder of the information security company BigID, discusses on the InformationWeek portal the consequences of the introduction of the GDPR provisions and the benefits that the business audience can derive from it.
But before touching on the benefits, the expert iran mobile database attention to the tightening of penalties for violating the rules for processing personal data - fines reach 20 million euros or 4% of the company's annual global income. The basis for the adoption of the document was the desire of the EU authorities to grant their citizens fundamental rights regarding their personal information. After the introduction of the GDPR, they will be able to get a better idea of how businesses manage their data.
According to the International Association of Information Security Professionals (IAPP), Fortune Global 500 companies are willing to spend approximately $7.8 billion to comply with the GDPR. To do this, they will need to undergo the appropriate compliance procedure.
Data is the key to understanding the customer