The key changes including in the General Data Protection Regulation (GDPR):
- The Regulation will enforce tough penalties – proposed fines up to 4% of annual global revenue or €20million, whichever is greater.
- Even though the UK will not be in the EU in post-Brexit, we will still have to comply with the Regulation. Although regulation beyond EU borders will be a challenge, those providing products or services to EU customers or processing their data may have to face the long arm of the law if an incident is reported.