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The General Data Protection Regulation or GDPR, is a regulatory standard according to which businesses are obligated to protect the privacy and personal data of European Union (EU) citizens for all transactions that are carried out within the EU member states. The GDPR standard is intended to unify and reinforce data protection for all individuals that reside within the EU and to control the export of personal data outside the EU.
Concerns Associated With GDPR Compliance
- Businesses need to be prepared to adapt, test, maintain and demonstrate compliance with evolving GDPR requirements.
- Non-compliant businesses are liable to pay hefty penalties and can also be temporarily or definitively banned.
- Ambiguous terms and lack of clarity render GDPR compliance difficult to handle without professional assistance.