11 May Big News for Data Protection
The General Data Protection Regulation (GDPR) is a new regulation in the EU (European Union) that protects data for people in the EU. It goes into effect on May 25th (2018). This is huge news for the internet. It means that internet users (in the EU) are gaining more control over their data, how it’s collected, how it’s stored, and whether or not they want it collected to begin with.
After Facebook’s Cambridge Analytica data breach, this new regulation comes as a breath of fresh air. While this regulation affects only the EU and companies who do business there, it’s the beginning of a new era of internet protection. Yes, the GDPR will affect American businesses.
Since the dawn of the internet, laws and regulations that protect internet users have been mostly non-existent. Which has allowed many companies to take advantage of people, and blatantly disregard their responsibility to protecting people’s data (ex: Yahoo, Adult Friend Finder, Twitter, Equifax, eBay, and Adobe). Some of these companies weren’t held accountable for the data breaches.
The GDPR regulation is setting the groundwork for the beginnings of real data protection. The United State’s current data protection laws are not comprehensive, and only regulates certain business sectors, like health & financial institutions. The GDPR is a singular, comprehensive regulation.
Currently, the GDPR doesn’t affect most small businesses. However, we can expect to face similar updates and expectations in the future.