We do Channel Development for the Software Vendors in Benelux and Europe.
GDPR (General Data Protection Regulation)
This Regulation will take effect in every EU member state as of the 25th of May 2018 and will affect every organisation that collects or handles data relating to EU residents.
The Regulation itself is a long document (118 pages of legalese), and failure to meet the requirements could turn out to be expensive – up to 4% of annual global turnover or €20 million, whichever is greater. The data controller is responsible for demonstrating that the organisation applies to the six principles outlined in Article 5 of the GDPR
A study found the average consolidated total cost of a data breach is $3.8 million representing a 23% increase since 2013. The study also reports that the cost incurred for each lost or stolen record containing sensitive and confidential information increased six percent from a consolidated average of $145 to $154.