The margin for error in business is razor-thin when it comes to compliance. Especially in light of the nation’s many compliance regulations — FINRA, HIPAA, PCI-DSS and more — it’s more important than ever to ensure your compliance practices are up to snuff. That’s not to mention the new regulation from across the pond…
The General Data Protection Rule (GDPR) affects any organization that stores or processes personal information about EU citizens. For example, it covers any businesses:
Even if you’re in the U.S., an entrepreneur or a one-person office, you still must comply. The GDPR will apply to any relationship or business transaction with EU citizens no matter where you are, or how small your business. It’s based on the citizenship of the people are you’re collecting data from.
The GDPR applies to collecting personal data even if you give something away for free. If you collect personal data for business purposes for any reason, you must comply. Once you save a name or information in your database, you must follow the GDPR regulations.
Unsure of how GDPR could impact you? Click here to schedule your GDPR Compliance audit right now.