More personally identifiable data is being created and processed than ever before. This data powers commercial success and delivers services that customers value. However, the potentially negative impact of how this data is processed on the credit ratings, privacy, and everyday lives of citizens has not been lost on legislators, who have decided it is time to act.
Most organizations are well aware of the intention and scope of the EU’s General Data Protection Regulation. Yet the world waits in suspense to witness a successful GDPR prosecution. As a result of their ‘Wait and See’ policy, some organizations have put their faith in solutions designed for the pre-GDPR era. This is a strategic error.