The moment of reckoning is on its way for companies that collect or store data on European Union citizens. Last week EU legislators signed data privacy regulations into law, creating what may be the most stringent data protection law in place today. The requirements will not be easy for many companies to meet and will demand financial and personnel resources. There is sure to be criticism that the EU stifles technology innovation. In reality, the GDPR demonstrates a progressive approach to data transactions and the digital economy. The introduction of the regulation states, "The protection of natural persons in relation to the processing… [Continue Reading]
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