Why is GDPR important? 6 reasons you need to know

This article explains why GDPR is important for businesses, how it boosts corporate reputations and improves clients confidence.

The General Data Protection RegulationGDPR) is a European regulation aimed at strengthening the protection of EU citizens' personal data. The GDPR comes into force in May 2018 and applies to all companies that process the personal data of EU citizens. But why is the GDPR important? Here are 6 reasons to know:

How does the GDPR protect the privacy of EU citizens?

The regulation was created to protect the privacy of EU citizens by ensuring that their personal data is processed ethically and responsibly. Companies must obtain citizens' consent before collecting personal data, and citizens have the right to consult their data and, if necessary, request its deletion. 

Protecting personal data is essential to your clients' trust. Companies that protect their clients ' personal data show respect for their clients ' privacy and the fundamental rights of individuals. 

It also helps build trust and loyalty over the long term.

How to avoid GDPR fines?

The GDPR imposes heavy fines on companies that fail to comply. The fine is 4% of the company's worldwide annual sales or €20 million, whichever is greater.

This measure has been introduced to ensure that companies take the protection of personal data seriously and do not treat it as a mere formality.

By complying with the regulations, companies can avoid these penalties and maintain their reputation and credibility.

How can you build trust with your clients thanks to GDPR ?

The regulation lets clients know that their personal data is secure and handled responsibly. This helps to build trust between companies and their clients, to the benefit of both parties.

GDPR compliance is proof of a company's commitment to protecting personal data. Companies that comply with these regulations improve their reputation and credibility with clients, business partners and regulators. By complying, companies can demonstrate their commitment to protecting personal data and respecting individuals' fundamental rights.

How does the GDPR strengthen data security?

The GDPR requires companies to take appropriate security measures to protect their clients' personal data.

By complying with these requirements, companies can improve data security and minimize the risk of data breaches. This helps prevent data breaches such as data leaks and cyber attacks.

How does the GDPR promote fair competition?

 The GDPR aims to ensure that all companies handle personal data ethically and responsibly. This promotes fairer competition between companies because all businesses must follow the same rules.

This forces companies to manage their clients' personal data effectively. 

Compliance with these regulations helps companies to improve data management, enhance business efficiency and better understand clients needs.

How does the GDPR protect personal data worldwide?

The GDPR is regarded as a model for data protection regulation worldwide. By complying with the regulation's standards, companies can protect their clients ' personal data outside the European Union.

In the long term, therefore, the regulation will make it possible to protect citizens' personal data worldwide.