Having a comprehensive GDPR compliance checklist is more important than ever for businesses. It's the secret to ensuring your company handles user data responsibly and legally.
Still not convinced?
By July 2024, over two thousand fines totaling €4.5 billion had been imposed in the EU for GDPR violations.
Below is a specific illustration:
Fines for non-compliance with GDPR
Image via GDPR Enforcement Tracker
Mastering GDPR compliance can help you protect your company from these hefty fines and build customer trust.
We will guide you through the key steps and best practices to ensure your company 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.
Don't panic though. It's easy to ensure your business is GDPR compliant (and there's a well to help you in the process).
The importance of GDPR for consumers
In 2023, multiple data breaches of 8 million data records were revealed globally, as you can see in the image below.
Data breaches around the world
Image via Statista
With the increasing frequency of data breaches, identity theft, and personal data abuse, consumers are becoming more cautious about sharing sensitive personal information online.
This is exactly why GDPR mandates organizations to implement robust security measures to protect consumers from data breaches. Thanks to GDPR, consumers gain greater confidence that organizations are handling their personal dentist database data responsibly and securely.
It also gives consumers the right to know what data organizations collect, the purpose of the data collection, and how they intend to use it. GDPR thus increases transparency and builds trust between consumers and organizations.
What’s more, GDPR allows consumers to access, correct, delete, port, or withdraw consent to their data. It gives them greater autonomy over their personal data.
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The importance of GDPR for businesses
If GDPR exists to protect customer data, how important is it to your organization and why should you comply?
It’s important to note that 56% of consumers said they are unlikely to trust an organization that is not fully transparent about how it uses their personal information. Here’s a detailed illustration.