Despite being just over two years since the GDPR came into effect, its implementation across the EU is still proving somewhat of a challenge. According to a recent FT article, not only are several companies, specifically SMEs, struggling with the cost of compliance, but a recent study has shown that there is a lack of consistency in how the GDPR rules are interpreted across the EU.
What seems apparent is that a consistent interpretation of the GDPR across the EU is only going to get trickier with the development of new technologies. The article touches on how regulators are already struggling to know how to implement the GDPR when it comes to areas such as "artificial intelligence, blockchain and the internet of things". With technology becoming an ever-growing part of businesses (the current climate illustrating this now more than ever) the need for companies to understand how GDPR applies to these technologies is all the more pressing.
Given the complexity of the GDPR, it can be difficult for SMEs to navigate the intricacies of compliance in a single country, let alone if they are operating over several jurisdictions. Add to that the fact that different regulatory bodies are taking different approaches when interpreting the GDPR and it becomes a compliance minefield.
Find out more about how Cross-Border Publisher: Data Protection can assist you in complying with both GDPR and local data protection regulations on a multi-jurisdictional basis.
An official report to mark two years of data protection regulation notes burden on small and medium-sized companies