Unless you've been living under a rock, you've heard of the General Data Protection Regulation (GDPR). What you may not know, however, is that it doesn't only apply to international companies. GDPR--which officially takes effect in May of 2018--applies to any business that collects or stores European citizens' data.
Good news: You have until May 2018 to be GDPR compliant. Bad news? Data breach penalties for GDPR could be as high as 4% of your global revenue (or 20M Euros--whichever is greater). We recommend that you get in the know!