Laws & Regulations

THE BITE AFTER THE BARK (I.E. THE FINES)

Privacy regulations are by no means a new phenomenon. Most jurisdictions have upheld legislations meant to protect citizens’ right to privacy.

However, with GDPR fines reaching as high as 4% of global revenues, the repercussions of non-compliance will have substantial impacts on all stakeholders in an organization.  

In today’s hyper-competitive marketplace, 4% can make the difference between a company reporting a profit or a loss, as well as impact senior executive compensation. The good news is that, as we see it, the opportunities for transparency, trust and business efficiency that GDPR compliance presents should be a far greater motivator than the fear of fines and legal battles. 

If you would like to learn more about “How to turn Proper Data Management into a Competitive Advantage” by downloading our whitepaper below. 

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Author

Dan Clarke
Dan Clarke
President, Truyo
December 4, 2017

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