The effective date - May 25th, 2018 - is coming soon!
The EU is putting this regulation in place to mandate that companies will protect personal information of EU citizens. Organizations that are not compliant with this regulation could face heavy fines. There are technical solutions like vulnerability management, patching, managed SIEM to help protect the data. There are also processes and governance solutions based on best practices like ITSM, ISO27001, and NIST to better help mitigate risks and protect data.
Why do I care if my company is not located in the EU?