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On the 25th of May 2018, the new EU General Data Protection Regulation (GDPR) will come in to effect. Understanding these changes is important to just about any business, as failure to comply with the new law could lead to fines of up to €100m or 5% of annual global revenue (whichever is higher). Customers whose data is leaked may also claim for compensation, which can cause serious reputational damage, in addition to legal costs. Official guidance can be found on the ICO website.