The General Data Protection Regulation (GDPR) is a new set of rules created by the European Union to protect its citizens’ personal information and data privacy. These regulations will go into effect on May 25, 2018. Before this date, it’s important that you know what your finance department needs to do to prepare for this new law as well as how to ensure your finance team has what they need to be GDPR compliant when the rules go into effect. Here’s what you need to know about GDPR and your finance department, no matter where you are in the world.
GDPR & Data Breach :
GDPR & Customers :
To comply with this new regulation, every company must appoint a single point of contact who will take responsibility for preparing and executing the compliance strategy as well as ensuring all legal obligations are met. It’s clear that there is a lot to get your head around when it comes to the GDPR finance department, but the following quick guide should get you started in the right direction.