What Is GDPR Compliance?
The European Union’s General Data Protection Regulation (GDPR) is a data privacy standard created in 2018 that provides guaranteed protection for the privacy of EU citizens’ personal data.
The GDPR specifies how businesses should handle the personal data of any of their customers who reside in the European Union. It also includes mandates for cybersecurity systems and processes that businesses must implement to protect that data.
Any business with customers in the EU, regardless of whether the company itself is located there, is obligated to meet GDPR requirements or face potential fines and potential loss of business. Businesses are also liable for how any third-party vendors or contractors use and protect their customer data.