GDPR Compliance, what is it?
You may have heard of the term GDPR compliance in your business and wondered how it can help you. If you do business in the European Union, this is especially important. Hiring experts to help you through GDPR compliance offers an easier solution to navigating new data laws. We discuss this topic further in today’s blog post.
GDPR compliance is a way to make sure your business’ data privacy and security practices are up to par.
The General Data Protection Regulation (GDPR) is an EU-wide law that came into effect in May 2018. It governs how personal data can be collected, processed, and stored. The GDPR focuses on transparency and accountability for companies that collect and store personal data, and it holds companies accountable for ensuring that their customers’ information is protected from unauthorised access or disclosure.
GDPR compliance is important for a lot of reasons. It’s good for your business in the long run, and it’s good for you as an individual.
For one thing, it’s just the right thing to do. The GDPR was created with the goal of protecting consumers’ data privacy and making sure that companies are being transparent about how they’re using and storing personal information. This means that if you aren’t compliant with GDPR, you’re not in line with this goal.
Compliance with GDPR goes beyond just doing the right thing—it also makes sense from a business perspective. If you are able to prove that you are compliant, then this shows potential customers that you take their data seriously and care about protecting it. Customers want to feel confident when they’re giving their information over to a company; knowing that a company is following all of the rules surrounding data protection helps them feel more comfortable sharing their info with them.
GDPR compliance is critical to companies that have headquarters in the EU. Non-compliance could subject them to heavy. Having said that, small businesses are not exempt from its requirements. They too will have to comply with GDPR or risk paying heavy fines. Thus, it’s essential for all businesses, big or small, to be alert of new regulations by keeping track of changes and knowing what actions need to be taken as soon as possible.
Let us help you with all of your GDPR needs here at Purple Sheep Creative.
