Disclaimer: this post is by no means legal advice. If unsure, please seek professional consultation.
What is GDPR?
The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information of individuals within the European Union (EU).
Read the full definition on Wikipedia.
Does GDPR Affect Me and My Website?
If your company is based in the European Union (EU), or you do business with EU citizens, the GDPR does affect you and your website so you need to comply. With that said, it would be a good idea comply with the regulations regardless, as it’s possible countries outside of the EU will implement similar legislation in the future.