Gdpr (general data protection regulation) is a regulation in eu law (eu) 2016/679 on data protection & privacy of individual citizens personal data or personal identifiable information (pii) of european union (eu) and european economic area (eea). It is also applicable to outsourcing this data out of eu and eea as well. What are the benefits of being gdpr compliant?the opportunity for customer retention and confidence in eu & eea regionsbetter data security practicesopportunity to learn & implement new technologysecured mode of data storage & transfernew rules & rights for individuals/data subjects (consents, data deletion, privacy policy, etc.)transparency with interested parties on the use of personal data processingoutward business development approachstreamlined client support approachbetter handling of personal information of individualsimposing data minimization on all business processesnew job opportunities for dpo & other security roles who should be gdpr compliant?the regulation applies to the processing of personal data in the european union. This regulation applies to the processing of personal data in the context of the activities carried out by an establishment; either in the capacity of a controller or a processor, or both, in the european union, regardless of whether the processing takes place within eu-eea or out of it. To simply: firms located in the eu-eeafirms not located in the eu-eea, if they offer free or paid goods or services to eu residents or monitor the behavior of eu residents