22 Feb Startups Scramble for GDPR Compliance
According to Jaspreet Singh, a partner at cybersecurity firm EY, startups are currently burning the midnight oil in preparation for EU’s new data privacy rules.
The stringent rules require compliance from all businesses that handle the data of European citizens. Non-compliance will result in penalties up to 4% of the company’s turnover. Singh says that a default may be more than enough to drive a small company out of business.
However, KiSSFLOW founder Suresh Sambandam says that startups have yet to tackle the GDPR in a major way. Singh also adds that these companies need to rethink what data they collect, why they do it and conduct a privacy impact assessment.
Source: Times of India
