Global Data Protection Rules (GDPR) will be applicable in Europe from May 25, 2018, and businesses, if not compliant, will see hefty penalties.
Protection of consumer data is an oft-spoken subject the world over, and Europe will soon become the first to enforce regulation with regard to it.
The regulation was passed in April 2016, and businesses were given two years to comply. However, it seems not everyone is prepared. Global Data Protection Rights will go live in Europe next week and it is in the interest of every business to comply.
The EU created GDPR in an effort to protect digital identities of its citizens by making companies liable for data being used without customers’ consent. Under GDPR all companies dealing with consumer data will have to give the consumer an “opt in” and “opt out” option to being tracked. The companies must also manage the data in the country of origin.
Full Content: Reuters, Yourstory
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich