What effect might restrictions have on global companies

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Reference no: EM133718584

Case: The European Union's General Data Protection Regulation (GDPR) is a law that became applicable in May 2018. The GDPR strictly limits how database information is used and who has access to it. Some restrictions include registering all databases containing personal information with the countries in which they are operating, collecting data only with the consent of the subjects, and telling subjects of databases the intended and actual use of the databases. Before you start this week's discussion, read the article below.

In your initial post, discuss the following:

Question 1: What effect might these restrictions have on global companies?

Question 2: Should the United States bring its laws into agreement with the European Union's?

Question 3: Discuss your rationale. What are the potential outcomes of instituting such a regulation in the United States?

Optional: In addition to answering these questions, reflect on 1 to 3 key takeaways from this course.

ARTICLE: The General Data Protection Regulation (GDPR) is a law within the European Union (EU) that requires businesses, governments, and other institutions to gather online consumer data in only legal, transparent ways and then store it safely and ethically so it cannot be misused or stolen. Data is any personal information that people submit to businesses, banks, or other groups online. It includes full names, addresses, credit card numbers, and other information.

Reference no: EM133718584

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