GDPR (General Data Protection Regulations)
The Data protection regulation(GDPR) has the objective to: protect and enforce the users rights, ensure there is trust and hold companies accountable for the way in which they use personal data. This law ensures that there is a certain level of transparency in the usage and storage of this data.
It replaces Directive 95/46/CE on the protection of personal data (of 1995) and affects all Member States and businesses internationally.
In fact, the changes that arise from the GDPR induce a profound change in the way we manage and protect personal data. This applies to all companies that store, record data from European residents or organisations within the EU.
There are hefty fines that come with disrespecting this law as of the 25th May 2018. By not complying to this law, you expose yourself to heavy administrative and criminal consequences.