We have been fielding a lot of calls about the European Union’s General Data Protection Regulation and its potential impact on companies here in the U.S.
The short story is that GDPR will have an impact. As I explain below, the immediate impact is for companies who serve clients in Europe. This includes is a broad range of companies, such as Google, various social media platforms, financial organizations and many others. In the longer term, GDPR will affect all of us.
GDPR is a large-scale regulatory directive passed by the European Union Parliament in 2016. Once passed, there was a two-year grace period provided before enforcement of the regulation began. The two-year grace period expired May 25, 2018 and the regulation is now enforced.
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