The General Data Protection Regulation (GDPR) is a new piece of legislation adopted by the European parliament and council to bring greater strength and consistency to the data protection of individuals living within the European Union. Enforcement for this new legislation begins on Friday, May 25, 2018.
GDPR matters because it will increase the level of protection that individuals will have when it comes to how their data is collected, stored, processed, and used. In fact, companies that do not legally comply with this regulation could face fines of up to $24 million or 4% of their global turnover, depending on the precise nature of the offense.
The following organizations must comply with GDPR:
Organizations operating within the European Union (EU), including those operating within the EU but registered elsewhere.
Organizations that offer services to individuals living with the EU.
Organizations that handle, process, or store the personal data of any individual living within the EU.
Organizations with equipment located in the EU.