The General Data Protection Regulation (GDPR), which will come into effect 25th May 2018 onwards, is among the most robust data protection regulations the European Union has seen in two decades. GDPR not only covers businesses within the EU, but also those that have business interests in the region, even if they are based outside the EU. In that sense, it is a truly global legislation that aims to impose strict standards for data privacy and implement a uniform data protection regime for all customers within the EU.
This law comes at a time when there is growing uncertainty with cyber security and privacy, even as newer risks come to the fore with the advent of technologies such as the Internet of Things (IoT), Blockchain and Artificial Intelligence (AI). This is a good time for businesses to look into their data management practices, re-examine information security technologies and overhaul existing processes and systems going into the next growth phase.
Cerillion plc (LON:CER) is a leading provider of billing, charging and customer management systems with more than 20 years’ experience delivering its solutions across a broad range of industries including the telecommunications, finance, utilities and transportation sectors.