Magazine Article | March 1, 2018

What You Need To Know About The General Data Protection Regulation

Source: Retail Executive

By Retail Executive

A Q&A with the GDPR Advisory Board

The General Data Protection Regulation (GDPR) is the European Union’s new regulation on data and cybersecurity that will become law in the EU on May 25, 2018. It’s designed to legally strengthen data protection for everyone living in the European Union and create a single data protection regime for businesses and consumers to rely on.

The GDPR will apply to anyone doing business in the EU that handles personal data — it doesn’t matter whether you’re based in the EU or not. If your company processes, stores, or transmits personal data belonging to EU residents, you’ll have to comply, as well as show evidence you want to comply.

The GDPR Advisory Board took time to answer questions about training your workforce with the latest legal requirements, working to manage your data in a compliant way, and providing other ways to become legally compliant before the May deadline.