Thursday, Aug 11, 2022
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New Lock For EU’s Digital Mines

Indian companies dealing with European data wait ­anxiously as the EU pushes in new security rules

New Lock For EU’s Digital Mines Illustration by Saji C.S.

Pretty soon, Indian companies, especially those associated with European companies, will have to walk that extra mile to protect personal data. Come May 25, the European Union (EU) will enact a new set of regulations, called the General Data Protection Regulation (GDPR), which will impose stringent conditions for personal data protection and privacy laws.

What’s more, any violation of or non-compliance with the new regulations will ­attract the strictest of penalties and fines. On an ­average, the new regulations call for up to 4 per cent of a company’s global revenue as penalty.

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