Many small business owners will have pencilled in May 25, 2018 as the date when the European General Data Protection Regulation (GDPR) comes into force. But it’s also likely they all have the same question: what does GDPR mean for my business and me?
The simple answer is that it means a lot. Any company, big or small, will have to comply with new regulations regarding the secure collection, storage and usage of personal information. What’s more, violations will be met with fines.
In fact, Article 30 of the regulation declares that organisations with fewer than 250 employees will not be bound by GDPR – although there are several stipulations that we will come to that mean they probably still should.