What is the General Data Protection Regulation?
A uniform law across the EU and beyond, with new requirements for documenting IT procedures, performing risk assessments, rules on breach notifications, and tighter data minimization.
Why is it important?
Noncompliance penalties can reach between 2% to 4% of global revenue. That could be an exceptionally large penalty.
Who is impacted?
EU based companies, and companies that collect data of EU citizens, regardless of their physical presence in the country.
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