The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). It aims to give control to individuals over their personal data and harmonize data protection laws across Europe.
Businesses that process personal data of EU individuals must comply with GDPR regulations. This includes implementing data protection policies, conducting data protection impact assessments, and appointing a data protection officer. Failure to comply can result in hefty fines of up to €20 million or 4% of annual global turnover.
Under GDPR, consumers have the right to access their personal data, request rectification of inaccuracies, erasure of data, and object to processing. They also have the right to data portability, meaning they can request a copy of their data in a commonly used format.
The main principles of GDPR include transparency, fairness, and accountability in the processing of personal data. It also emphasizes the need for data minimization, accuracy, and integrity in handling data.
GDPR requires organizations to implement appropriate technical and organizational measures to ensure the security of personal data. This includes encryption, access controls, and regular security assessments to protect against data breaches.
Businesses can ensure GDPR compliance by conducting thorough data audits, updating privacy policies, obtaining consent for data processing, and monitoring third-party data processors. Regular training and awareness programs for employees are also essential in maintaining compliance.
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GDPR: Vast, Complicated & Imminent