On May 25, 2018, the General Data Protection Regulation, GDRP, goes into effect. It is set to strengthen and unify data protection requirements inside the European Union. In general, it outlines a sequence of rules for companies to ensue when collecting, storing, and processing data from those in the EU. It is plausible to think that GDRP does not relate to American businesses, but there is one significant change from prior data protection requirements. Companies outside the EU are now monitored and are obligated to meet the terms of the new regulation.
This means when companies gather personal data from any individuals within the EU, they must abide by the newly established rules by the GDRP. The regulated data includes newly gathered data and email addresses It does not just pertain to data that was gathered after the regulation goes into effect. Companies that do not comply will face stiff penalties, which is why having knowledge of the new rules is crucial to businesses. A simple online search that includes articles, webinars and guides will help educate businesses and aid in their understanding of the GDRP rules and regulations. Abiding by this set of rules will help individuals evaluate their business and make sure they stay within the guidelines.
The new EU General Data Protection Regulation in Under 60 Minutes!