GDPR is about to make your breach even more expensive! Security breaches are already costly; not just financially, but in terms of brand damage, customer dissatisfaction and downtime. For companies that do business with residents of the European Union (EU), the financial fallout from a security breach is about to get much more expensive. That’s why it’s imperative for organizations to get ready for GDPR now, so they’re not playing catch up. What is the GDPR? With the introduction of the General Data Protection Regulation (GDPR), the EU is enacting a set of mandatory regulations for businesses that goes into effect soon, on May 25, 2018. Organizations found in non-compliance could face hefty penalties of up to 20 million euros, or 4 percent of worldwide annual turnover, whichever is higher. So how do companies ensure their systems and their customers’ data are protected when the GDPR takes effect? As with most security recommendations, it’s about having a battle plan in place well beforehand. Are you doing business with residents of the EU? If so, do you have a battle plan? Let’s talk about it.