SI Consulting has experienced consultants within GDPR (General Data Protection Regulation) for banks, insurance companies as well as fintech companies.
As of May 25, 2018, GDPR will enter into force. For governments, companies and organizations this may entail a lot of changes.
The purpose of this regulation is to strengthen the protection of legal entities personal information, in companies’ procedures of handling personal data within the European Union. Any form of processing of information that can be directly or indirectly linked to a person is covered by this regulation, which is significantly more extensive than previous regulations.
Companies that violate the regulations’ rules risk a fine of 4% of their global annual revenue, or up to 20 million euros. Responsible regulatory authority is the Data Protection Authority of specific country.
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