THE WEEK: In the first of a new series of THE WEEK columns from VanillaPlus.com, Jeremy Cowan warns there are data pitfalls ahead for the unwary working in Europe, and beartraps in partnerships close to home.
News reaches us that IAITAM – that’s the International Association of Information Technology Asset Managers to you and me – is growing increasingly concerned that US companies need to get their act together if they are to avoid serious disruption caused by new EU data privacy regulations.
They tell VanillaPlus that, “thousands of American companies that do business in Europe directly or online with European customers will need to start reckoning with data privacy regulations enacted this month by the European Union (EU).” The upcoming regulations come into full effect in just two years.
Dr. Barbara Rembiesa, IAITAM’s CEO, says: “These are sweeping changes to how personal and corporate data is to be handled and they have far-reaching implications for many aspects of U.S. businesses, particularly in terms of how information security is addressed. The days are long past when U.S. businesses could worry only about complying with laws and rules in this country (the USA). Companies that fail to start planning now to deal with the General Data Protection Regulation (GDPR) requirements are going to be in for a real shock.”
Keep reading on VanillaPlus.