The race to comply with the European Union's General Data Protection Regulation (GDPR) by the May 25 deadline is over, but data security and privacy is a marathon, not a sprint. If the ever-evolving regulatory compliance landscape is any indication, GDPR is just the first of many mandates to come.
Although it certainly has been a headache for many organizations — with large firms allocating an average of $20 million to $25 million to become GDPR compliant — the GDPR is the catalyst for a much-needed global, all-encompassing data security and privacy law. This is something we need sooner rather than later.