Hotels Think They Are GDPR Compliant, But The Truth Is There Are No Universal Compliance Standards
The European Union's General Data Protection Regulation (GDPR) comes into effect globally on May 25, introducing dramatically stronger rules on data privacy. The EU hopes to achieve a fundamental change in the way companies think about data - its central idea is "privacy by default." But these new regulations are the broadest ever implemented by the EU, because they are not limited to just EU member nations. In fact, GDPR is worldwide, meaning every country must follow these new rules, or be fined up to 4% of a company's global annual revenue.