Business

The New GDPR European Regulations and Their Huge Sanctions

Reading Time: 2 minutes

Should you worry?

If your company is or soon will be processing personal information of EU citizens — no matter where your company is in the world — then YES. You will be required to comply with the General Data Protection Regulation.

In case you ignore this

You can get fines from $10 000 up to $20 Millons – REGULATION INFO

The small businesses that are already operating

Its harmful,If you business is up and running you can spend up to thousand of dollars if you want to implement the rules into your business, you will need the help of a lawyer.

I don’t live in EUROPE but I work with EU Citizens 

It doesn’t matter – MORE 

But I offer free services

Nobody cares, if you process people’s data, you must implement the new regulations. 

Past and Present

All the information you shared with social platforms, website sellers and etc, stays in the past, your information cannot be deleted. But from now, 25 May – 2018, the information you add will be stored safe so organizations cannot process it that easily as Cambridge Analytica did with the Donald Trump’s campaign back in 2016. More than 37 Million people’s personal information was stolen from Facebook. Retrospection

How it looks in a cartoon version

RFID – Radio-frequency identification. Gadget to trace and give a real time location.

Even Santa is ready

Check the video’s below:

For all eCommerce entrepreneurs (Oberlo,Shopify,Woocommerce and etc.)

Happy reading!

GDPR – General Data Protection Regulation 

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