What is GDPR and Why GDPR Compliance is important?
The General Data Protection Regulation, or GDPR , is a legal document of the European Union that ensures individual protection in the processing of personal data and the free movement of such data. It became binding and directly applicable in all Member States of the European Union on May 25, 2018, after entering into force on May 24, 2016. What is the main purpose of GDPR? Individuals whose personal data is being processed have important rights under the GDPR , which compels those who treat personal data to comply with its obligations. Natural and legal individuals, including companies and governments, who are involved in the processing must follow the rules. Noncompliance could cost them a lot of money, as well as result in legal action and damage to their reputation. Companies and others who deal with personal data can be headquartered outside of the EU, but they must organise their activities in accordance with the GDPR when processing personal data of EU citizens or residents. The...