Legal Decoding GDPR: How firms can prepare for the strict data protection regime Updated : November 20, 2019 02:35 PM IST The companies should consider this to be a wake-up alarm and relook their policies and privacy processes internally. The regulation also addresses the transfer of personal data outside the EU and EEA areas. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.