What is GDPR and Why is it Important for Business Leaders?
The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union (EU) to safeguard the privacy and personal data of EU citizens. For business leaders, understanding GDPR is crucial because non-compliance can result in hefty fines and damage to the company's reputation. GDPR also fosters trust with customers by ensuring their data is handled responsibly.