How to Prepare for the Upcoming Regulations?

GDPR – New Rules, Higher Fines and Many to Dos: What Business Should Know and Why They Should Do It

Europe and Data Protection – with GDPR, an entirely new chapter is added to the overly exciting book of data protection laws in Europe. The General Data Protection Regulation will be enforceable from 26 May 2018 – and it applies to any business with involvement of personal information in Europe – regardless where the business is located. GDPR introduces numerous new rules

• setting out detailed requirements for internal and external facing processes
• establishing entirely new responsibilities and roles for the sake of protection of personal information within a business
• expose businesses that are non-compliant to significantly higher fines.

The presentation will point out

• the scope and applicability of GDPR
• the most important rules, regimes and requirements
• how they can/should be implemented into a business
• what they mean for internal and external facing processes
• the regime of consequences of non-compliance

Presentation deck

GDPR – New Rules, Higher Fines and Many to Dos: What Business Should Know and Why They Should Do It

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Panel: GDPR Economics - The Survival of the Fittest

Industry surveys from late 2016 exposed more than half of the world’s businesses as unready for GDPR. Recent anecdotal observations suggest much work remains to avoid a train wreck in 2018.

Awareness of GDPR obligations and risks is necessary to protect businesses, but is that enough? Like every other seminal change in the Internet or IT environment, the requirement to comprehensively address online privacy will create winners and losers. Losers will face regulatory friction and fines that create major distractions from more profitable pursuits. Winners will avoid most such consequences and retain the right to market to an expanding customer base.

This panel will bring together analysts, vendors, and end users to explore leading practices in businesses preparing for GDPR. We’ll consider questions such as:

• Should business processes such as personal data access, informed consent, and the right to be forgotten be approached as a purely-compliance driven exercise?
• Is there a risk of overspending on compliance while slowing other business initiatives?
• Should GDPR be treated as a strategic opportunity to create enhanced relationships with customers?
• What practical challenges lie ahead for businesses seeking to engage customers by putting them in control of personal information?