Europe’s New Data Privacy Rules Nourish U.S. Privacy Tech Sector

That situation is changing radically, with the looming May 25 deadline for enforcement of the European Union’s General Data Protection Regulation (GDPR)—a sort of Magna Carta for the right of individuals to control the use of their own data. The sweeping new EU privacy protections apply to any company anywhere that holds data on any EU citizen—not just businesses located within the 28 EU member nations. And the maximum fine for violations—as much as 4 percent of a company’s global annual revenue—tends to concentrate the mind wonderfully on compliance.

Source: Xconomy: Europe’s New Data Privacy Rules Nourish U.S. Privacy Tech Sector