You’ve probably received several emails from companies such as Google, domain hosts, and CRM companies explaining changes to their privacy policies. There is a very good reason for that.
Below are videos that explain what GDPR has to do with these changes, why the changes are important, and who the changes are for.
While this policy change may not be needed for everyone – such as a small, local restaurant in Roanoke, Virginia – if you are doing business in the EU, ever consider expanding into the EU, or if you think you will ever have a client in the EU, now is the time to make those changes. Starting on May 26, 2018, law firms will actively target large businesses with clientele in the EU as a starting point for huge GDPR lawsuits. With each fine being $24 million, this could be a very lucrative market for law firms all over the world.
A great article that explains GDPR: http://money.cnn.com/2018/05/21/technology/gdpr-explained-europe-privacy/index.html