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GDPR Takes Effect: Why Privacy Is Now Stronger in EU Than U.S.

May 25, 2018

Via: Fortune
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The European Union’s stringent regime governing how data collectors gather and use its citizens’ information and give consumers more control took effect Friday. It’s known as the General Data Protection Regulation and covers any company that has EU residents’ personal data. That means businesses from neighborhood restaurants and hotels to Amazon to Google have been scrambling for months to make sure they comply to avoid penalties that can go as high as nearly $25 million or 4 percent of global annual revenue — a hefty sum for the likes of Facebook, which endured a tough round of questioning by EU politicians just days before the rules took effect demanding to know how the social-media titan will apply the new rules.

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