GDBR law will become effective on 05/25. Just wonder if any companies in US having no entity in EU are required to implement this law or not. If so, please share the implementation experience in terms of implementation cost and resource.
GDPR is a regulation that requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states
Answers
Anon
Layman's perspective:
1. Many companies are simply following EU law in the USA by enforcing GDPR because they cannot afford to manage two versions of privacy compliance. Those companies seem to be either EU businesses doing business with USA companies or people, OR, USA businesses doing business with EU companies or people (which you say you are not).
2. A PE firm I know has a portfolio company that simply refuses to engage with anyone who is in the EU. But that is shortsighted.
If you need GDPR help, feel free to PM me.
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