A GDPR compliance checklist is only useful if you understand why your business should be compliant.
So, let’s discuss why GDPR compliance is critical for businesses both inside and outside the EU:
- Avoid fines and legal consequences : Complying with data protection regulations helps avoid penalties and lawsuits that could damage your business’s reputation and operations.
- Expand market reach : If you have business outside the EU, GDPR compliance can help you enter the European market and expand your customer base.
- Improved Data Governance : GDPR compliance helps you develop a structured data governance framework for your business. This will help you better understand and manage your customers’ data.
- Reduced data storage costs : Storing large amounts of personal data can be expensive. However, focusing only on necessary user data can significantly reduce storage costs .
- Build customer trust : When you’re transparent about how you use customer data, they’re more likely to trust your business. It helps you build stronger customer relationships and encourage brand loyalty .
What do data protection laws protect?
Under GDPR guidelines, companies must think broadly when deciding how to handle personally identifiable information. Data that bulgaria phone number library you might not consider sensitive may still be protected under GDPR. This is where tools like access control lists come into play, enabling organizations to effectively manage and protect data.
Some of the most common data types include:
- name
- address
- Social Security Number
- Credit Card Number
- Bank account information
- IP address
- Sexual Orientation
- Race or ethnicity
- Political stance
Under GDPR regulations, companies must take “reasonable” precautions to protect this information from outside intrusion.
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What happens if my company does not comply with GDPR?
The EU can impose fines on companies how to optimize the value of each email subscriber that fail to comply. Because the current legislation is quite broad, it is important to be careful when using and storing data.
The most serious violations can result in severe penalties. In fact, Ireland-based Meta Platforms, Inc. received a massive €1.2 billion fine in 2023 for not complying with the GDPR.
15. Video Marketing
Video doesn’t just belong on YouTube. In fact, it shouldn’t just stay there.
If you click the Share button on a YouTube video, you can click the Embed tab and use the code to post your video to LinkedIn and Facebook. This will get more people seeing your video.
Just don’t forgeThe following chart shows several other consumer data organizations that also received significant penalties:t to add a link to your website.
It’s also a good idea to embed videos in blog posts or landing pages. This can increase the time visitors spend on your site and have a positive impact on your SEO rankings.
Take a look at how Coca-Cola embeds a video on its landing page below: