What every business needs to know about the EU's General Data Protection regulation.
CHAPTER 1
A BUSINESS OPPORTUNITY
The GDPR regulates the way businesses process and manage personal data Effective as of 25 May 2018 and applicable to all businesses and organisations (e.g. hospitals, public administrations, etc.), it constitutes the biggest change to the EU's data protection rules in over 20 years
Not only does the GDPR give citizens more control over how their personal data is used, it also significantly streamlines the regulatory environment for businesses.
It does this by establishing a uniform framework for data protection legislation across the EU. In other words, instead of each country having their own data protection laws, now the entire EU is governed by a single regulation. Thus, a company operating in different countries no longer needs to comply with multiple — often differing — regulations. Instead, they only need to conform to the GDPR in order to offer their services anywhere in the EU.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.