How will GDPR affect your US-based business?

The GDPR Affect

From the 25rh of May, 2018, the laws governing data storage and personal privacy in the European Union will undergo a comprehensive overhaul as the General Data Protection Regulation comes into force. For companies based in the EU, this deadline looms large on the horizon – the GDRP does, after all, represent the biggest change to data protection regulation in 20 years.

Given that the GDPR will have such a wide-ranging impact, European businesses have been gearing up for compliance for more than two years – or at least they should have been. What is less well-known, however, is that the new regulations have a much greater scope than previous data laws. For companies based outside of the EU, particularly those in the US, this means that GDPR compliance cannot be ignored.

Why US companies need to be prepared

Any US-based businesses that think that the GDPR does not concern them could be in for a huge shock. GDPR affects any organisation that collects or processes data from EU citizens, regardless of where that organisation is based. This means that if a US-based firm has a web presence and targets marketing at individuals located within the EU, then GDPR compliance must be met.

Travel, software and e-commerce represent just some of the most likely sectors where US-based companies are going to engage with EU citizens on a regular basis. In fact, given that the EU and the United States have the largest bilateral trade and investment relationship in the world, there are likely to be thousands of American companies that come under the GDRP’s remit.

Another reason why US businesses should take note of the new ruling is that it introduces hefty fines for any organisation that fails to achieve compliance. Penalties for the worst offences could be as large as €20 million or four percent of annual global turnover, whichever figure is greater.

How US companies can achieve compliance

Fortunately, there are ways that US companies can achieve compliance with GDRP before the deadline. First of all, businesses should make sure that they are fully versed in the ruling and how it relates to their operations. Determine whether you are a data controller or processor and identify what information you currently collect from EU citizens. Conducting a comprehensive data audit is one way of gaining a clear overview of how your business currently collects, processes and stores information.

US businesses can also enlist the help of managed service providers, including those based in the EU, if they are not sure how GDPR relates to them. Many cloud service providers based in the European Union are now offering bespoke GDPR packages to their clients to ensure that they are ready for the May deadline. Others, like Sungard AS, can provide specialised services that will prepare you for a particular aspect of GDPR, such as disaster recovery.

On the surface, the compliance deadline for the General Data Protection Regulation is a daunting prospect. Processes may have to be checked and employees may need further training, but there is still time to achieve compliance. What’s more, US companies should not view the new regulations as a burden. Instead, organisations all over the world should use GDPR as an opportunity to improve their data security and efficiency, giving them an advantage over their competitors and allowing them to deliver better service to their customers.

By Matthew Walker-Jones

CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in cloud connected technology information and consultancy services.

Are you a cloud services expert in a world of digital transformation? If so, contact us for information on how to become part of our growing cloud consultancy ecosystem.

CONTRIBUTORS

Reduce Digital Printing Costs

3 Ways To Reduce Digital Printing Costs

Reduce Digital Printing Costs For many organizations, office printing is one of the top expense categories — yet many companies ...
Advanced IoT systems provide analysis catalyst for the petrochemical refinery of the future

Advanced IoT systems provide analysis catalyst for the petrochemical refinery of the future

Advanced IoT Systems The next BriefingsDirect Voice of the Customer Internet-of-Things (IoT) technology trends interview explores how IT combines with IoT to help ...
How Artificial Intelligence Is Revolutionizing Business

How Artificial Intelligence Is Revolutionizing Business

Artificial Intelligence Revolution 84% of respondents say AI will enable them to obtain or sustain a competitive advantage. 83% believe ...
Staying on Top of Your Infrastructure-as-a-Service Security Responsibilities

Staying on Top of Your Infrastructure-as-a-Service Security Responsibilities

Infrastructure-as-a-Service Security It’s no secret many organizations rely on popular cloud providers like Amazon and Microsoft for access to computing ...
How You Can Improve Customer Experience With Fast Data Analytics

How You Can Improve Customer Experience With Fast Data Analytics

Fast Data Analytics In today’s constantly connected world, customers expect more than ever before from the companies they do business ...
A Quick and Dirty Guide to GDPR Compliance

A Quick and Dirty Guide to GDPR Compliance

GDPR Compliance Set a reminder: On May 25, 2018, the new General Data Protection Regulation directive from the European Union ...
Ransomware: A Digital Pandemic - Is There A Cure?

Ransomware: A Digital Pandemic – Is There A Cure?

The Rise Of Ransomware You can imagine the scene: you’ve just completed that business plan and a set of accounts ...
The Connected Car: The Unknown Hero of Automotive Innovation

The Connected Car: The Unknown Hero of Automotive Innovation

Connected Car Innovation Spanning the last decade, the automotive industry has seen an explosion of technological innovation which has, and ...
Was The Promised Land Of Cloud False? Or Did It Just Take A While?

Was The Promised Land Of Cloud False? Or Did It Just Take A While?

Cloud Consumption A new day has dawned! Computing will now be accessed and consumed like a power utility. Just flip ...
8 Cloud Characteristics Every ERP System Needs

8 Cloud Characteristics Every ERP System Needs

ERP System Cloud-based ERP systems offer many benefits to a growing organization. And those benefits are catching on in a ...

NEWS

DigitalOcean Announces New Compute Plans to Provide Best Price-to-Performance for Production Applications

DigitalOcean Announces New Compute Plans to Provide Best Price-to-Performance for Production Applications

Changes Position DigitalOcean as Most Competitive, Simple Pricing Solution in Cloud Infrastructure Industry NEW YORK, Jan. 16, 2018 (GLOBE NEWSWIRE) ...
Amazon shortlists 20 cities for second headquarters

Amazon shortlists 20 cities for second headquarters

(Reuters) - Amazon.com Inc (AMZN.O) has short-listed 20 cities and regions, including one in Canada, for the construction of a ...
Cogeco Peer 1 Adds Managed Microsoft Azure Services to Cloud Portfolio

Cogeco Peer 1 Adds Managed Microsoft Azure Services to Cloud Portfolio

Cogeco Peer 1 Adds Managed Microsoft Azure Services Flexible services optimize customer's Azure investments, handle the day-to-day management of the ...