Source: GARP
26 Jul 2018

For many legal, compliance, risk management and information technology professionals, May 25, 2018 was etched in stone – the effective date of the European Union’s General Data Protection Regulation. Preparations for “the most important change in data privacy regulation in 20 years,” as it is described on the GDPR education website, were frenzied, and many had yet to be completed by the deadline.

Memories of eleventh-hour panic have since given way to sober assessments of the rule’s extensive, global reach and longer-term implications. Some consequences will potentially be unintended or unanticipated, but, as with any major regulatory shift, there will also be opportunity.

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