The General Data Protection Regulation, more commonly referred to as GDPR, is a set of laws that govern how the personal data of European residents can be used, processed, and stored by companies.
GDPR compliance for SaaS companies is mandatory for all online products and services that operate within any of the GDPR compliance countries. Failing to comply puts you at risk of fines of up to 10 million euros or 2% of your company's global turnover, and you risk being banned from the European consumer and business markets.