What You Need to Know: 

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Do you currently have or plan to have customers, clients or employees in Europe? If yes, the the EU’s General Data Protection Regulation (GDPR) will impact your business when it comes into force on May 25th, 2018. Failure to comply with the GDPR could result in stiff fines as high as 4% of your company’s overall revenue.     

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In 2016, the US Department of Commerce launched the EU-US Privacy Shield Framework to provide US companies with a mechanism to comply with EU data protection requirements when transferring personal data from the EU to the United States. Over 2,300 companies use this program to transfer data.  Privacy Shield may play an integral role in your overall GDPR compliance strategy.

Objectives Covered:

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• Why Europe is a key market for US business

• What are the GDPR requirements, including:

  • Accountability and transparency

  • Security and privacy by default

  • Communication with your customers and business partners

• How GDPR can impact your business, including:

  • What processes and tools should be put in place

  • How to start the compliance process

  • How to turn GDPR into a business advantage

• What is the Privacy Shield Program and how to apply:

  •  New Requirements under Privacy Shield

  • Application and Review Process

  • Know what to keep an eye on in the future

Program Partners:

The US Commercial Service of Philadelphia, the Mid-Atlantic District Export Council, BDP International, the French-American Chamber of Commerce, the British-American Business Council, and the German-American Chamber of Commerce, and a EU-US Privacy Shield expert from the International Trade Administration partnered to inform and help local companies prepare for compliance by the 5/25/18 deadline.​

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