The General Data Protection Regulation (GDPR) is a critical regulation for any business dealing with the data of EU residents, regardless of the business's location. This means that a U.S. company, even a small or medium-sized one, must comply with GDPR if it processes, stores, or transmits the personal data of individuals residing in the European Union. A cybersecurity compliance firm can play a crucial role in assisting businesses in meeting GDPR requirements. Non-compliance can lead to significant penalties, including fines up to 4% of annual global turnover or €20 million (whichever is higher). GDPR compliance involves ensuring data privacy and security from the point of data collection to processing and storage, necessitating a comprehensive review and potential overhaul of data handling practices. This includes obtaining explicit consent for data collection, ensuring data is used only for the stated purposes, and implementing strong data protection measures.