The European Union’s new data privacy rules
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Christine Schmidt looks at the European Union’s new data privacy rules (from the General Data Protection Regulation passed in April 2016 by the EU) for Nieman Lab and asks what the global impact is likely to be. The reason the influence of the regulation is set to be far-reaching is that it applies to companies either based in the EU or that deal with data of residents of the European Union. That means that no matter where in the world the company’s headquarters may be, is they store or collect EU residents’ data, they fall under the regulation. Penalties of up to 4 per cent of annual turnover or 20 million euros (whichever is greater) may apply to companies falling foul of the new rules.

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