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Members “Make the Most” of Luxembourg Event

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05/23/2017

NAID’s first event focused specifically on the forthcoming General Data Protection Regulation (GDPR) was both well-received and eye-opening. Approximately 35 industry professionals, representing the top service providers across the region were in attendance.

As widely reported here and elsewhere, the GDPR marks a dramatic increase in data protection requirements for all businesses in Europe, as well as businesses outside the region that possess information of European citizens.

Among the Most Important Requirements:

  • Significantly higher fines (up to 4% of annual turnover)
  • The imposition data breach notification
  • A new GDPR contract to address specific compliance clauses
  • The required appointment of a Data Protection Officer,
  • Recognition of Industry Certifications by the European Data Protection Board
  • A requirement to be able to demonstrate compliance

Session Topics Included:

  • An overview of the new regulation by Gary Cywie of Allen & Overy
  • What data breach notification means for secure destruction service providers
  • The unveiling of the new GDPR compliance NAID-Europe service contract
  • NAID-Europe’s strategy to have AAA Certification recognized by the European Data Protection Board
  • What the regional service providers forecast as the result of the GDPR

The GDPR goes into effect on 25 May 2018. It will be a busy year for NAID-Europe as it gears up to help members. Association leaders are planning another event in advance of the compliance deadline to unveil more tools and to prepare members for this new opportunity.