What are the implications of GDPR for businesses outside the EU?

The General Data Protection Regulation, or GDPR, is a law passed in the EU in 2018 that affects how businesses collect, store, and use personal data. Even though GDPR only applies to the EU, it still has implications for businesses located outside the EU. One of the biggest implications for businesses outside the EU is that they may still need to comply with the GDPR if they process the personal data of EU citizens. For example, a business in Washington that sells products to customers in the EU would need to make sure it complies with GDPR requirements. This includes meeting requirements on collecting customer consent, keeping customer data secure, and giving customers the right of access, correction, and deletion of their data. Additionally, the fines imposed by GDPR can be quite severe. Companies outside the EU may be subject to these fines if they do not comply with the GDPR. The GDPR imposes fines of up to 20 million euros or 4% of total global turnover, whichever is higher, for certain violations. Ultimately, the GDPR has the potential to affect any business that processes the personal data of EU citizens, regardless of where that business is located. Businesses should therefore assess whether they need to comply with the GDPR and, if so, take the necessary steps to ensure that they are in compliance.

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