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Friday, May 18, 2018

GDPR rules will affect U.S. merchants, experts say

On May 25, 2018, the European Union will instate the General Data Protection Regulation (GDPR) protections designed to help European citizens manage their digital destinies. The laws enable consumers to control how companies use, market and store their personal data. European consumers can exercise their “right to be forgotten” by asking companies to delete their personal information. Analysts expect the guidelines to impact any business that transacts with European citizens online, in their countries of origin and in their travels around the world.

Gary Glover, vice president of assessments at SecurityMetrics, said supervisory authorities (SAs) will enforce the GDPR and issue non-compliance fines. SA oversight will extend to companies that process European citizens’ personal data, including cloud-storage services, universities, hospitals and merchants outside the EU’s footprint. “Companies need to ask, ‘Do I have any data from any subject in the EU anywhere in my system?’” Glover stated.

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