WHAT IS GDPR?
The General Data Protection Regulation (GDPR) is intended to strengthen data privacy for all individuals within the European Union (EU). It has been in place since 2016 ([EU] 2016/679). What’s new is that EU will enforce this law with heavy fines starting May 25, 2018.
The fines for a business can be 4% of worldwide sales up to 20 MEUR. The GDPR overrides any local data privacy laws within Europe. Anyone that is collecting and/or processing any personal data within the European Union must comply with GDPR.
Many countries around the world have similar laws and those without legislation will be inspired by the European GDPR.
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