GDPR
General Data Protection Regulation
Summary
Regulation for data protection and privacy in the EU.
Applies to
Organizations with data of EU residents.
Example
A company storing customer data of EU citizens.
Benefits
Improved data security, customer trust.
Non-Compliance Risk
High risk of financial penalties, legal action.
Fines
Up to 4% of annual global turnover or €20 million (whichever is greater).
Effective date
May 25, 2018
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