GDPR also gives consumers the right to know what data organizations collect, the purposes for which they collect it, and how they intend to use it. In doing so, GDPR increases transparency and builds trust between consumers and organizations.
In addition, GDPR empowers consumers to access, correct, delete, transfer, or withdraw consent for their data. This gives them greater autonomy over their personal information.
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 around 56% of consumers say they won’t trust organizations that aren’t fully transparent about how they use their
Once you lose your customers’ trust, they may never work with you again. Here’s how GDPR compliance protects your organization from such situations and more:
GDPR compliance shows your commitment to privacy and data algeria phone number list protection. It helps you build brand reputation and increase customer retention .
This encourages you to implement better data management practices in your organization, leading to improved data quality, accuracy, and reliability.
Prioritizing GDPR compliance can set your business apart from the competition. It helps you attract privacy-conscious consumers and partners.
Failure to comply with GDPR can result in heavy penalties and fines that can impact your bottom line. Compliance helps you protect your organization from losses.
Who Does GDPR Apply To?
The GDPR applies to any organisation offering goods or services to consumers in member states of the European Union (EU) and European Economic Area (EAA) countries.
This applies even to companies that are not located in the EU but offer goods and services to, or process personal information of, residents in the region. If you have an e-commerce store in the US and sell your products to customers in France, you must comply with GDPR regulations.
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