What you Need to Know to Comply with  Global Data Protection Regulation

You don’t need to be based in the European Union to be subject to the new Global Data Protection Regulation (GDPR) scheduled to take effect in May of 2018. These broad standards for compliance protect the data of any EU citizen regardless of where the data resides. You will want to know how to avoid fines as high as 4% of your total global revenue. In fact, reading this article may help you demonstrate compliance by educating yourself. Even if your company may not need to comply, GDPR enforces best practices in data protection, so read on.

What is the Global Data Protection Regulation?

General Data Protection Regulation (GDPR) provides a uniform standard for data protection for individuals of the European Union (EU). Proposed by the European Commission, it is expected to go into effect in May of 2018. Not only does it protect privacy information for EU residents, but it also addresses the export of personal data outside the EU.

Does My Business Need to Comply?

If you store email addresses and other personal information of EU residents, you might be subject to GDPR. In our ever-shrinking global economy, it is not uncommon to have EU individuals’ privacy information. The GDPR standard includes health information, marketing databases, and commercial information, among others. For example, you may have personal information in your email databases; companies that sell via e-commerce may also have personal information subject to GDPR.