What Advisors Need to Know About the General Data Protection Regulations (GDPR)

By Brent Carnduff via Iris.xyz

Have you recently received an email like the one below from Google? Following is what you need to know about the General Data Protection Regulations (GDPR).

The GDPR primarily affects European businesses, or those doing business in Europe. According to Forbes, “any business that collects personal data or behavioral information from someone in an EU country” is responsible for meeting the requirements of the GDPR .

This means the request for consumer consent must be obvious and freely provided, and it must be made clear what you will be doing with the collected data. In addition there is a proscribed protocol should that data be breach.

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