Julie Negovan, of counsel in Griesing Law’s commercial litigation practice group, explains the EU’s General Data Protection Regulation, and what it means to a US company that does business with consumers, contractors, or partners in the European Union. She outlines the background and rationale of its key provisions, what kind of information is involved, how these rules apply to US businesses, what they should do to ensure that they are not in violation, and what the potential financial consequences of non-compliance could be.
“Considering that one of the main objectives of the GDPR was to expand the territorial scope of protection, companies based outside the EU should not be surprised to find that they are a particular target of EU data regulators,” Negovan warns.