October 20, 2017,
Thought Leadership
The cost of compliance is much less than the price of failure.
To most readers of my blog, this adage may sound obvious, with respect to the General Data Protection Regulation (Regulation 2016/679). Nonetheless, it’s advice isn’t universally observed.
Some months ago, I was talking to a director of a well-known European financial services company about the impact Regulation 2016/679 would have on the business. But I wasn’t fully prepared for his response. “We can afford to pay the fines,” he said.
Wow!
There then followed a couple of seconds of silence as I composed myself...
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