Description
The General Data Protection Regulation (GDPR) is a robust data protection and privacy regulation that was implemented by the European Union (EU) on May 25, 2018. GDPR represents a significant overhaul of data protection laws and replaces the 1995 Data Protection Directive. Its primary objective is to provide individuals within the EU with more control over their personal data and to standardize data protection regulations across EU member states.
One of the fundamental principles of GDPR is the requirement for organizations to obtain explicit and informed consent from individuals before processing their personal data. This means that companies must be transparent about how they collect, use, and store personal information and individuals have the right to know what is being done with their data. Additionally, GDPR grants individuals the right to access their data held by organizations, the right to have their data corrected, and the right to request the deletion of their data, commonly referred to as the “right to be forgotten.”
Another crucial aspect of GDPR is the emphasis on data security. Organizations are required to implement robust data protection measures to safeguard personal data from breaches and unauthorized access. They are also obligated to report data breaches to the relevant authorities and affected individuals within 72 hours of becoming aware of the breach. Failure to comply with GDPR can result in substantial fines, with penalties reaching up to 4% of a company’s global annual revenue or €20 million, whichever is higher. In summary, GDPR is a comprehensive framework that seeks to protect the privacy and data rights of individuals while imposing significant responsibilities on organizations that handle personal data within the EU.
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