The far-reaching global data privacy laws, GDPR, is applicable to all companies handling the consumer data of citizens within the European Union (EU), no matter the size, industry, or country of origin of the business. GDPR compliance requirement ranges from understanding the type of personal data being processed by the company, developing a customer data processing consent policy, reviewing and updating security measures to training the employees and update agreements with your sub-processors. Failure to GDPR compliance will burden the company with fines and compensation claims of up to 4% of their annual revenue.