Businesses across Europe are unprepared for the EU’s General Data Protection Regulation (GDPR), which comes into law in May 2018.
Businesses that fail to comply before the deadline could face fines of up to 4% of global turnover or €20 million, whichever is higher.
The process of preparing for GDPR is already impacting business operations. Concerning number of businesses are cutting back in other areas including plans to create innovative new products or to fuel growth through international expansion.
Business leaders need to understand that this is not a simple tick-box exercise. They will likely need to implement significant changes that could impact their organisation as a whole and so the sooner they begin to prepare, the better.
Microsoft today released a preview of Compliance Manager, a new dashboard tool designed to show the regulatory compliance status of Microsoft’s controls for its solutions, as well as the status of the controls used in customer environments.