The General Data Protection Regulation (GDPR) is a standardized data protection law agreed upon by the 28 EU nations to protect the citizen’s personal information and data. GDPR replaces the 1995 EU Data Protection Directive. It has come into effect from 25th May 2018. It imposes new rules for companies to control and process the PII (Personally identifiable information). Companies that are complying with the Directive must make sure that they are compliant with the new rules that have been added to the GDPR. If they do not meet the desired regulation deadline of 25th May will be inflicted with fines, breach notifications, and penalties.
GDPR requirements apply to all the organizations and it aims to create a steady and uniform protection of consumer and personal data across all the participating 28 nations.
Some Of The Key Privacy And Data Protection Requirements Of The GDPR Include:
1- Requiring the consent of individuals and entities for data processing
2- Obscuring collected data to protect privacy
3- Providing data breach notifications
4- Securely handling the transmission of information across borders
5- Needing some organizations to appoint a data protection officer to supervise and build a data protection program to meet the GDPR compliance
Fines for non-compliance are heavy and go up to 4% of the organization’s worldwide revenue or €20m whichever is higher. The EU GDPR rules apply to all organizations irrespective if they are small or large. It even to the organizations outside the EU if they offer services or goods and monitor the consumer behavior.
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