General Data Protection Regulation, or GDPR, businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. Previously, businesses were only required to take care of personal information such as names, addresses, and social security numbers. Going forward, companies will need to protect additional data including
- IP addresses
- Cookies from browsing sessions
- Ethnic Data
How serious is this new regulation being taken? Facebook and Google face up to $9.3B in fines after the first day the policy was enacted!
So how does this affect your business? If you currently do business with a business or customer in the EU, you’re liable for protecting their data. Often times, the US lags behind our European counterparts in regard to privacy. How far behind remains to be seen with GDPR. Prepare your business ahead of time. Not only will you be ready if policy changes, but your customers can feel safer, knowing their data and privacy is taken seriously.
Call Coastal Network Solutions to upgrade your data privacy protection today!
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