5 Ways GDPR Will Change Your World - Shelly Palmer

On May 25, a new law called the General Data Protection Regulation (GDPR) is going into effect in the European Union. The law was created to protect EU citizens from potential abuses, like the recent Cambridge Analytica scandal. Though the timing may seem coincidental, this law has been in the works for more than four years. GDPR will replace the Data Protection Directive (95/46/EC) of 1995. Under GDPR, companies can be fined up to 4% of their worldwide annual revenue from the previous financial year.