The EU General Data Protection Regulation (GDPR) significantly reshapes the data protection landscape for organizations worldwide that collect and process the data of European residents. The Regulation also imposes fines up to 4% of annual global turnover or $23 million (whichever is higher), grants extended rights to data subjects, and allows data subjects to bring legal action against organizations in case of data breach.
As of 25 May 2018, the Regulation imposes fines of up to 4% of annual global turnover or €20 million (whichever is higher), grant extended rights to data subjects and allow data subjects to bring legal action against organizations in case of data breach.