The European Union's new data privacy law (General Data Protection Regulation, better known as GDPR) takes effect today May 25th, 2018, after a two-year transition period. Despite some companies appearing to believe otherwise, and many articles misrepresenting its contents, the GDPR will have a significative impact beyond the European Union, and it will extend many of its data privacy safeguards to users’ data globally.
There are a number of reasons that explain this impact:
Obligations for…