GDRP (General Data Protection Regulation) is a regulation that comes into effect on 25th May 2018 and affects all businesses that deal with residents of the European Union.
This includes:
- Businesses that have offices or locations in the EU
- Businesses that sell products or services to locations in the EU
- Businesses that sell products or services to residents of the EU that live outside the EU
?Any business found not sticking to the rules could be charged fines of up to €20 million or 4% of the company's global annual turnover, though the toughest fines will be reserved for the worst data breaches or data abuse.