Today, the new GDPR Act comes into force. The law is intended to give citizens in the EU and ESS control of their personal data and ensure that the information is protected.
This renewed data protection regulation will change how your company collects, stores and uses personal information – information such as name, photo, email address, bank details, social media posts, location information, medical information, and computer’s IP address.
Entrepreneurs will be responsible for the correct handling of the personal data collected. Otherwise, large fines are risked – up to four percent of total sales.
You can view the GDPR infographic on the European Commission’s website.