The GDPR is at our door, whether we’re ready or not—and an April poll showed a whopping 90 percent of businesses aren’t ready.
If you’re part of that 90 percent—or just plain wondering, “What the heck is GDPR?”—read on.
What is GDPR?
GDPR stands for General Data Protection Regulation. It’s a new set of privacy laws in the European Union (EU) made to protect its citizens’ and residents’ data. The regulation vastly expands people’s rights over their personal information and how it’s used.
The deadline for businesses to make sure their data practices comply is May 25, 2018.
So why should you care about GDPR if your business isn’t in Europe? Because if you have European customers of any sort, your business needs to follow the laws.
The GDPR website states the laws “will also apply to organizations located outside of the EU if they offer goods or services to, or monitor the behavior of, EU data subjects.” In other words, any company that deals with “EU data subjects” has to abide by the new rules, regardless of where they are based. Those data subjects can include EU citizens and residents, but it could also could be interpreted to include non-residents visiting the EU.
To keep reading, click here: What Is GDPR? How the EU Law Will Affect US Small Businesses