The expanded GDPR scope holds enterprises accountable and levies significant fines for noncompliance; yet many organizations are nowhere near ready. Sourcing and vendor management leaders must support corporate teams by verifying service providers' compliance.
Impacts and Recommendations
- The GDPR Applies to Any Business That Has EU Customers or That Processes Personal Data of an EU Citizen
- The "Burden of Proof" in the Legislation Puts Substantial Liability and Accountability on End-User Organizations
- Current Contracting and Vendor Governance Practices Must Be Updated in Accordance With the New Legislation
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