GDPR – What happens after 25 May?
Data has become the most valuable commodity of the digital era. In Europe, the value of the data commodity is thought to be around the €50 billion mark and projections suggest that this figure could rise to €111 billion by 2020.
With such rapid development in the collection, transfer and processing of data comes not only increased risk of data breaches, but the risk that those breaches will be of a far greater scale and consequence. It is no wonder then that the EU has seen fit to implement a new data protection framework.
The General Data Protection Regulation (GDPR) will be directly applicable in all EU member states from 25 May 2018.
In this booklet, we take a look at some of the key features of the GDPR for organisations and individuals:
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This briefing is for guidance purposes only. RadcliffesLeBrasseur LLP accepts no responsibility or liability whatsoever for any action taken or not taken in relation to this note and recommends that appropriate legal advice be taken having regard to a client's own particular circumstances.