GDPR's global impact
The GDPR harmonizes data privacy laws and regulations across the EU, enhances data protection for EU citizens and reshapes the way organizations approach data privacy. The GDPR covers the personal data of every EU person and provides comprehensive rights to data subjects. Every company that works with European employees, customers and partners will need to comply with the regulation. Failure to meet the GDPR requirements can result in fines up to EUR 20 million or up to 4% of the company's worldwide annual turnover for the preceding fiscal year, whichever is higher.