Although he began by saying that the new California Consumer Privacy Act is an "extraordinarily complicated and poorly written statute," Chris Mohr, SIIA's VP for intellectual property and general counsel, wants to make one thing clear.
In May 2018, the new European Union (EU) privacy and data security regulations will take effect. These regulations, formally known as the General Data Protection Regulation (GDPR), will make many changes from current EU regulations. Even with Brexit, the UK plans to implement the Regulation as well. The challenges can seem daunting, and the stakes are potentially high as the regulators can impose fines for non-compliance as high as 4% of global revenue.