The document discusses the new EU General Data Protection Regulation (GDPR) which provides stricter rules around data protection and privacy for all EU member states. Some key points: - The GDPR replaces all current EU data protection laws and provides a two year transition period for businesses to comply. - It strengthens individual rights around access to personal data and how it is processed. - For businesses, it establishes one consistent law for all EU states and tougher sanctions for non-compliance up to 4% of global revenue. - Businesses must demonstrate accountability and compliance with principles like data minimization, security safeguards, and breach reporting within 72 hours.