Thursday – June 6, 2018 marked the first GDPR Training Session, successfully held by the European Chamber of Commerce in Vietnam (EuroCham Vietnam) and IdeaLogic Vietnam. Attendees this morning have been updated with the newest insights on the concept of GDPR in general and the technical aspect of how to get compliance with the new EU Regulation.
Our Cyber Security Expert, Mr. Tuan Anh Pham has conduct a very informative presentation on how to get your organizations GDPR Compliance as well as raising the awareness of business leaders in the Cyber Security Sector.
The General Data Protection Regulation (GDPR) harmonizes data protection laws in the EU that are fit for purpose in the digital age. By introducing a single law, the EU believes that it will bring better transparency to help support the rights of individuals and grow the digital economy.
The GDPR imposes new rules on companies, government agencies, non-profits, and other organizations that offer goods and services to people in the EU, or that collect and analyze data tied to EU residents. Even organizations outside Europe need to be compliant, or otherwise face significant penalties.
Non-compliant organizations can face fines up to €20 million, or 4% of annual revenue – whichever is greater. These penalties are massive and can seriously harm organizations of any size. It stresses the importance of undertaking the considerable operational reforms required to be compliant when the day arrives.