The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy for all individuals within the European Union and the European Economic Area. It also addresses the export of personal data outside the EU and EEA areas. GDPR aims to give control to individuals over their personal data and to simplify the regulatory environment for international business by unifying regulation within the EU.
Since the implementation of GDPR in 2018, over 59,000 data breaches have been reported in the European Union. These breaches have affected a wide range of businesses across various sectors, from healthcare to finance.
Under GDPR, organizations that fail to protect personal data or experience a data breach can face severe consequences. These consequences can include fines of up to 4% of annual global turnover or €20 million (whichever is greater), as well as reputational damage and loss of customer trust.
Here are some common questions related to data breaches and GDPR:
Companies must obtain clear consent before collecting personal data, implement measures to protect data, appoint a data protection officer, and notify authorities of data breaches within 72 hours under GDPR.
Data breaches can be detected through regular monitoring and security measures. Once detected, organizations are required to report data breaches to the relevant data protection authorities within 72 hours under GDPR.
Organizations can take measures such as implementing strong security protocols, training employees on data protection, conducting regular risk assessments, and being transparent with customers about data practices to prevent data breaches under GDPR.
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More than 59K data breaches reported in EU under GDPR.