The European Union's General Data Protection Regulation on data privacy will come into force on May 25. This video explains how it could affect you, even if you don't live in the EU. As Europe’s new privacy law, known as GDPR, is set to take effect Friday, the focus has been on expected battles with technology giants such as Facebook Inc. and Alphabet Inc.’s Google. But the law’s impact is far broader. The new General Data Protection Regulation is forcing hundreds of thousands of companies—multinationals such as Mastercard Inc. and insurer Allianz SE, but also small manufacturers and even restaurants—to change how they gather and handle information about Europeans, even if the companies have no physical...

Source: Wall Street Journal May 24, 2018 09:33 UTC