$TLNUF .0009 Mkt Cap $155,019
04/12/2018
Authorized Shares
500,000,000
10/11/2017
Outstanding Shares
172,242,968
10/11/2017
New York, March 21, 2018 Telecorp, Inc. (OTC Markets: TLNUF) (Telecorp or the Company) is an emerging investment company that is centered around investments in hard assets, financial services, technology, product and distribution, and management consultancy. The addition of the this international GDPR consulting and custom development practice further expands the Soft Smart 2.0 offerings.
General Data Protection Regulation (GDPR) is a EU directive (95/46/c) that goes into full effect on May 25, 2018. Any financial services company in the United States that conducts business with EU residents will need to prove compliance will the EU General Data Protection Regulation. The European Country Supervisory Authorities and regulators will enforce compliance of businesses organizational structure, process, technology and reporting capabilities. Any company that has a physical presence in the EU or are located outside of Europe, but offer services to EU residents both online and at physical locations will need to be in compliance.
Jason Cataldo, CEO of TLNUF, said, Small-to-medium business can now use Soft Smart 2.0 GDPR consulting services as a complete compliance service team to address specific mandates required of the EU GDPR. This service is a leap forward in further bringing Soft Smart 2.0 to the global marketplace.
Soft Smart 2.0 brings a complete package of tools to help with certain GDPR requirements. The expert compliance team reviews, and evaluates all systems and devices for unencrypted personally identifiable information (PII) of EU citizens, provide consulting on becoming GDPR compliant, assists on implementing findings to becoming GDPR compliant.
The GDPR directive allows for all 28 EU member states, to have a consistent data protection policy. Fines for non-compliance can reach up to 20 million (or 4 percent of gross annual turnover).
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