Understanding GDPR and Its Impact.
The General Data Protection Regulation (GDPR) is one of the strictest data privacy laws in the world, affecting any business that processes the personal data of EU residents. Failure to comply can lead to severe fines, legal repercussions, and reputational damage.
Key GDPR Requirements for Businesses
Lawful Data Processing: Businesses must have a clear legal basis for collecting and processing personal data.
User Consent: Consent must be explicit, informed, and revocable at any time.
Data Protection Measures: Companies must ensure adequate security protocols to prevent data breaches.
Right to Access & Erasure: Individuals have the right to request access to their data and have it deleted if necessary.
User Consent: Consent must be explicit, informed, and revocable at any time.
Data Protection Measures: Companies must ensure adequate security protocols to prevent data breaches.
Right to Access & Erasure: Individuals have the right to request access to their data and have it deleted if necessary.
What Happens if You Don't Comply?
Non-compliance can result in hefty fines—up to €20 million or 4% of annual global turnover—whichever is higher. Companies such as Google and British Airways have faced multi-million-dollar penalties for GDPR violations.
How Guga Solutions Can Help
Our team specializes in GDPR implementation, compliance assessments, and legal consulting, ensuring that your business operates securely and legally in the EU market.
