New US-EU Data Transfer Agreement Boosts Global Expansion
Introduction As a leading provider of global expansion solutions, HSP is committed to keeping our customers informed about the latest developments that shape the international business landscape. Today, we are excited to share significant news regarding the new EU-US Data Privacy Framework. Recently adopted by the European Commission, this agreement marks a crucial milestone in […]
Data Security: Zellis Breach and Ensuring Regulatory Compliance
Data breaches once again made the headlines last week. In late May, we saw the GDPR rule-breaking of Meta (Facebook), leading to the imposition of a €1.2 billion fine (subject to an appeal), and now there is a potentially disastrous breach of private information held by companies in the UK (United Kingdom). To date, several major household […]
Meta/Facebook fined $1.3 Billion for Breaches of the GDPR
2 Key Steps to Take to Avoiding a Similar Fate The complications of avoiding breaches relating to the European Union GDPR were again laid bare this week. Meta’s platform Facebook received a record-breaking fine totaling $1.3 billion (1.2 billion EURO) imposed this week by Ireland’s Data Protection regulator, sending shockwaves around global business circles. Regulators […]
GateWay: Your Global Growth Management Solution
Are you interested in finding out more about our new global expansion management platform, GateWay? With so many features to explore and an endless number of benefits for customers, Sam Sengupta, VP, Product, at HSP Group, further outlined some of the key takeaways of the software to give you a better understanding of what to […]
Everything you Need to Know about Legal Entity Rationalization
If you’re currently in a position where you are reviewing your business performance, especially if you are operating internationally, and you’re noticing unnecessary expenditures and drains on resources, then legal entity rationalization may be a profitable and effective solution for you moving forwards. To give you further insight into this area of business management, we’ve […]
Managing Cross Border Compliance Risks | Part 2
Following on from part 1, Emine Constantin, one of our experts at HSP, has discussed some of the core aspects of cross border compliance, and how to efficiently and effectively manage these areas to keep you trading without unnecessary complications.
Managing Cross Border Compliance Risks | Part 1
When expanding your business into different countries, there are many areas to consider, and cross border compliance is one of the most important things to get right, or else you may be faced with hefty fines and penalties that can halt your global business expansion journey. With varying rules and regulations in each country, keeping […]
Every Effective Payroll Strategy Needs These 3 Features
Whether hiring overseas for the first time or scaling your global presence, the right approach can eliminate common payroll challenges Payroll processing involves a lot more than meets the eye. Multiplied by several countries and different vendors, it quickly becomes clear how important a cohesive payroll strategy is to effective management. We have addressed the […]
Are You Absolutely Sure Your Payroll Is GDPR Compliant?
The EU/UK GDPR (universally accepted worldwide as the gold standard for data protection and privacy) demands a lot more than many US companies realize. It may sound like an exaggeration, but it’s a fact: no company can handle GDPR compliance without specialist assistance. The EU’s most significant legislation leaves no room for error. You’re either […]
Using Email to Manage Global Payroll Data? Don’t.
Lack of secure communication is common, elevating the risk of both breaches and noncompliance when managing payrolls across the globe For all the news about data breaches and million-dollar fines for data privacy violations, a surprisingly large number of companies still send emails that include Personal Identifiable Information (PII). In some cases, the practice may […]
The Critical Role of Data Privacy Compliance in Global Success
Yes, the laws most certainly do apply to your business. Here’s what you need to know. Any business with an international footprint needs to pay close attention to data privacy compliance. Even seemingly innocuous mistakes can be costly.
Watch: Data Privacy Laws – A Must for Every Business
How confident are you that your organization complies with data privacy laws? If you waver even for a second before answering, you’ll benefit from watching this webinar with Michele Museyri, Business Development Director at HSP Group.
GDPR explained for Global Businesses
What is GDPR? The General Data Protection Regulation 2016/679 (GDPR) is a directive under European Union (EU) law addressing data protection and privacy in the EU and the wider European Economic Area (EEA) linking the EU member states with the three European Free Trade Association states (Iceland, Liechtenstein, and Norway), as well as the transfer […]