The May 25, 2018 deadline for General Data Protection Regulation (GDPR) compliance has arrived and with it the potential for devastating fines of up to $24 million, or four percent of global revenue, whichever is greater.
Any business or nonprofit handling personal information of European citizens is required to comply with the GDPR – nearly two-thirds of American businesses.
Based on a business’s size, the GDPR may require hundreds of legal documents to achieve compliance – a job that could take a single attorney months to complete at substantial cost. Fortunately, there is now a way for companies to quickly create documentation needed to achieve compliance at a fraction of the cost.
Parsons Behle Lab, a subsidiary of Parsons Behle & Latimer has created GDPR IQ, an automated solution that guides users through a series of questions in order to create the documentation needed to meet the requirements of the GDPR.
The GDPR applies to your organization, if any of the following are true:
1. Your organization has a location in Europe.
2. Your organization has employees working from Europe.
3. Your organization offers goods or services in Europe (including over the internet).
4. Your organization collects or handles personal information from people in Europe.
5. Your organization monitors the behavior of people in Europe (including website analytics).
To understand the terminology used above and other frequently-asked questions about the GDPR, click here.
If your company is not yet GDPR compliant, GDPR IQ could save your organization from paying fines that could potentially cripple your business. Learn more about GDPR IQ and its creator Parsons Behle Lab by clicking here, and quickly and cost effectively become GDPR compliant now.
