#gdpr — an Opportunity, Not just Risks, for the Digital Business
▻https://hackernoon.com/gdpr-an-opportunity-not-just-risks-for-the-digital-business-121d186cc6f?
Clearly, the folks in Tech had a lot to look forward to the last weekend. I wish I could say it was just the long Memorial Day weekend, but No. The regulatory requirement for companies doing business in the EU, called GDPR, just went live on Friday, May 25th. As the dust settles with companies setting in place processes, I thought I’d share my thoughts on this topic of the moment.Why is it so important to be prepared for GDPR compliance?The simplest way to look at this — Up to 20M Euro (or 4% of annual global revenue turnover) in penalties is reason enough to be prepared for GDPR compliance. I have even seen some discussion of possible bug bounties within companies to help proactively detect non-compliance processes and technologies.No matter what your view is on this regulation, this is (...)