Compliance officers have to be mindful of new and emerging threats. In the past few years, cyber security and data privacy have been quickly rising as new and significant threats that corporations face in the global marketplace.
The European Union has adopted a far-reaching new regulatory regime applicable to companies that conduct business in the European Union and collect any sensitive data relating to EU individuals. The General Data Privacy Regulation or GDPR, which is effective on May 18, 2018, will impose a number of new regulatory requirements to global companies and includes significant penalties for non-compliance.
Michale Volkov interviews Lauren Connell, Managing Associate at The Volkov Law Group, about the GDPR, the role of compliance officers and the implications of this new regulatory regime.
Corruption Crime & Compliance