Data security and data compliance: Is There Any Connection Between Two?
We all are familiar with the European General Data Protection Regulation (GDPR), which was implemented from May 25th, 2018. Other countries followed the footsteps of the European Union and came with their own GDPR-like regulations and data compliance became the buzzword across the globe. The main aim of the GDPR was to impose regulations on how the data collected by the organizations can be used. However, most of the countries remain noncompliant to GDPR and let me tell you, it is not easy to be a GDPR-compliant organization. For example, in 2019, Google received the $57 million fine for violations of the GDPR clearly shows that even bigger organizations at also struggling to adhere to GDPR compliance regulations. You will not believe that many non-EU companies have closed their business operations from the EU market. Unfortunately, this is not a long term solution as more countries and states are coming up with GDPR-like regulations and you cannot withdraw your bu