Friday marks the beginning of a new era in cybersecurity and the treatment of personal data for companies in Europe and around the world processing European Union citizens’ information. Collective angst is in the air over zero hour for the EU’s General Data Protection Regulation, but is there any reason, in the near term, to be afraid?

Attorneys who work on data and privacy matters told Corporate Counsel that it’s unlikely most companies need to worry about multimillion-dollar fines and close probes by regulators just yet.

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