How Multinational Companies May be Affected by Their Subsidiaries’ Noncompliance
— by Lindsey Ullian, Threat Stack Compliance Manager
Preparing for GDPR was similar to preparing for Y2K — heads down grinding with anxiety running high, only to find that May 25th came and went without a peep. So what was all that hard work and worry for, anyway? What drove all the privacy emails and data inventorying within companies? In all honesty, it was most likely driven by the high consequences that a company might suffer as a result of noncompliance. But just because your company is now “GDPR ready,” does that mean you’re safe from heavy fines?
Not necessarily. The noncompliance of other companies just might make you vulnerable.
In this post, Kevin Kish, Privacy Technical Lead with Schellman & Company, explains how you may be affected by your subsidiaries’ noncompliance and how you can manage the risk.
Read more “Group Fines Under the GDPR”