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KPMG Organises Seminar on GDPR and Compliance

KPMG Organises Seminar on GDPR and Compliance

On 7th December, KPMG in Cyprus organised and delivered with great success the seminar “The GDPR and the roadmap to compliance”, aiming at informing the participants about the challenges and impact arising from the upcoming General Data Protection Regulation (GDPR) - EU 2016/679. Τhe regulation is coming into force on May 2018 and aims at strengthening the protection of EU citizens’ personal data which organisations are processing.

The speakers-trainers of the seminar were Gerasimos Ntouskas, Principal and Data Analytics Service Line Lead at KPMG in Cyprus and Stylianos Christoforou, from Stylianos Christoforou & CO law firm. The two speakers covered the main principles of GDPR focusing on the challenges posed to businesses by the GDPR regulation and explained in detail the steps that need to be undertaken (compliance roadmap) at operational level, in order to successfully meet GDPR’s requirements. Additionally, they elaborated on the changes from previous privacy legislation and provided valuable insight in relation to the proposed approach towards compliance.

After pointing out the importance of the regulation, Ntouskas stated, among others: “with the revised requirements, the expanded EU regulators’ jurisdiction and potential enforcement powers, the GDPR has catapulted privacy up the list of global organisations’ enterprise risks, requiring them to re-evaluate and take action. Privacy needs to be at the heart of your business strategy and not an afterthought.”

In addition, Stylianos Christoforou analysed the provisions of the GDPR and stated: “the regulations for processing and transferring EU citizens' personal data are now tightening more than ever, imposing significant sanctions for non-compliance. This will lead entities to promptly take all necessary actions and measures that would enable them to fully comply with the regulatory requirements, which come into force on the 25th May, 2018.”

The seminar was particularly interactive. The participants had the opportunity to get instant feedback on their queries as to how GDPR is affecting their organisation as well as to exchange views amongst the other attendees for common challenges they encounter. The KPMG in Cyprus team remains at your disposal for providing any required information in relation to the GDPR, as well as to discuss how it can assist in your compliance journey.

 

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