GDPR Compliance in Business
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Frequently Asked Questions
The GDPR applies to any organisations that process the personal data of EU citizens, regardless of whether or not they are based in the EU.
Since the GDPR came into force in May 2018, businesses have had to upgrade their data protection compliance programs to ensure they have taken adequate measures to adhere to the GDPR. Many businesses that have failed to do so have been fined, with more under investigation.
The cost of GDPR compliance is highly variable dependant on the size and type of orgnaisation.
Smaller organisations who do very little data processing will not need to pay out very much, however larger organisations with complex data processing will need to spend considerably more, even building in-house teams nad recruiting external support to ensure they are compliant.
In the worst scenarios, organisations that are not compliant with the GDPR could be fined up to €20 million or 4% of their annual turnover, whichever is greater.