Explanation:
GDPR standardizes data protection laws across all EU countries, imposing strict rules on data handling and privacy. It gives individuals more control over their personal data and imposes hefty fines for non-compliance.
Practical Example of GDPR (General Data Protection Regulation):
An online retailer based in the EU updates its privacy policy and data handling procedures to ensure full compliance with GDPR, including obtaining clear consent from customers to store and use their personal data.