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Your data is a fundamental right, according to Dimitri Sirota, CEO of BigID, and everyone “has a legal right to their data.” “Companies that…collect and process [the] data don’t own it.”

With that shot fired, Sirota describes how the EU is taking the global lead on this with legislation (the General Data Protection Regulation, or GDPR) outlining what companies are required to do in tracking and monitoring consumer data. He reveals not only which types of data must be managed and protected but also how companies are required to comply when a consumer asks for their own data.

Sirota also explains the necessity for the harsh penalties that are incurred when businesses don’t comply—and why some penalties are even more severe than required. He further defends the strict penalties with three examples of successful innovations brought about by strict compliance requirements.

In this podcast, you’ll also learn:

  • Two ways in which the EU GDPR is notable and is paving the way for action in places like Canada, China, Australia, and Japan
  • How the Internet of Things (IoT) will be impacted
  • Four ways these guidelines will benefit the companies themselves, despite the strict regulations and harsh penalties to protect consumers

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