What is GDPR?
General Data Protection Regulation. A new EU law on how personal data can be stored and used. It is much stricter than previous versions as it attempts to address consumers’ concerns over privacy and how their personal information is used.
Why Should You Care?
The regulation applies to the person, i.e. the EU resident, not the location. This increased territorial scope means it affects any business who holds personal data of EU residents.
So, if you have even one EU resident on your email list, you collect browsing data from EU citizens on your site, or you ship products to people in Europe, this legislation affects your business.
It’s mandatory to comply. Businesses who break the rules risk a €2,000,000 fine. That’s almost US$2.5 million or NZ$3.4 million. It’s a big deal.
When Did it Start?
25 May 2018
Why was it rolled out?
The EU’s current data protection directive is from the 1980s, and was last updated in the 90s. It’s inadequate for digital privacy and long overdue for an update.
The GDPR is being rolled out EU-wide so companies have one way of dealing with data from EU citizens, rather than having to comply with rules from multiple countries.