GDPR is a regulation that requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. And non-compliance could cost companies dearly.
Companies that collect data on citizens in European Union (EU) countries will need to comply with strict new rules around protecting customer data by May 25, 2018. The General Data Protection Regulation (GDPR) is expected to set a new standard for consumer rights regarding their data, but companies will be challenged as they put systems and processes in place to comply.
Compliance will cause some concerns and new expectations of security teams. For example, the GDPR takes a wide view of what constitutes personal identification information. Companies will need the same level of protection for things like an individual’s IP address or cookie data as they do for name, address and Social Security number.
Of course, an EU-based company or multinational corporation that does business in the EU is, we hope, well on the way to complying with the GDPR. But what about U.S. companies that have no direct business operations in any one of the 28 member states of the European Union. They have nothing to worry about, right?
Any U.S. company that has a Web presence (and who doesn’t?) and markets their products over the Web will have some homework to do.
AVATAR is recommending all sites comply with GDPR.