Still not sure?
By July 2024, more than two thousand fines totaling more than €4.5 billion will have been issued in the EU due to GDPR violations.
Below is a specific illustration:
Fines for GDPR Non-Compliance
Image via GDPR Enforcement Tracker
Compliance with GDPR will help you protect your company from large fines and gain customer trust.
We'll walk you through the key steps and best practices to ensure your business is fully GDPR compliant.
What is GDPR and why is it important?
What is GDPR?
GDPR stands for General Data Protection Regulation. It is a set of rules adopted by the European Union (EU) in 2018 to protect the privacy and personal data of consumers within the EU.
It gives consumers more control over how companies collect, store and use their personal data. It also sets strict rules for organizations that collect and process consumer data.
But don't be scared. It's easy. Keeping your business GDPR compliant (and what to do to help you in the process).
The Importance of GDPR for Consumers
In 2023, there were over 8 million data breaches worldwide, as you can see in the image below.
Data leaks around the world
Image via Statista
With data breaches, identity theft and misuse of personal information on the rise, consumers are becoming increasingly cautious about sharing sensitive personal information online.
That’s why the GDPR requires organizations to implement whatsapp aus kambodscha robust security measures to protect consumers from data breaches. The GDPR gives consumers greater confidence that organizations are handling their personal data responsibly and securely.
It also gives consumers the right to know what data organizations collect, why they collect that data, and how they plan to use it. In this way, the GDPR increases transparency and builds trust between consumers and organizations.
Furthermore, the GDPR gives consumers the ability to access, correct, delete, transfer or revoke consent to their data. It gives them greater autonomy over their personal information.
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The Importance of GDPR for Business
If GDPR is designed to protect customer data, what does it mean for your organization and why should you comply?
Importantly, about 56% of consumers said they would be unlikely to trust an organization that is not completely transparent about how it uses their personal data. Here's a closer look:
