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The New European General Data Protection Regulation (“GDPR”) – time to panic or time to transform?

The new EU Regulation 2016/679 the “General Data Protection Regulation” (“GDPR”), is a European Regulation which has already come into effect and is due to be implemented on the 25th of May 2018 aiming in the creation of a much stricter and tougher data protection regulatory framework of personal data of European Citizens. The GDPR enhances the protection of European individuals, by making it applicable to all companies and institutions whether located in Europe or not, as long as they processing data of European citizens. Therefore, the criteria for whether the GDPR applies to your company does not depend on whether your company is based within Europe, but on whether your company is in poss

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