ThirdPartyTrust Blog

Discussions on privacy laws have taken front and center in recent weeks as European Union (EU) member states begin enforcing the General Data Protection Regulation (“GDPR”) on May 25, 2018.  As we have been discussing for a while, there is confusion as data collectors try to figure out the impact of this legislation.  There is no question that large, multi-national corporations will have to comply and many of these corporations are already in compliance.  However, with this deadline just around the corner, smaller companies that do not actively target EU residents are struggling with how this legislation impacts them.

While the entire world is seemingly melting with the terrifying onslaught of the enforcement of the General Data Protection Regulation (GDPR…coming to a theater near you on May 25th, 2018) there remains a significant amount of mis-information, confusion, and utter chaos within some of the world’s largest corporations (HQ’d outside of the EU) and on social media regarding the continued use of trusted third parties in support of business operations…especially, those companies not too experienced with heavily regulated environments such as banking, insurance, and other financial services.