GDPR stands for “General Data Protection Regulation” which is a regulation of the European Union (EU) that came into effect on May 25, 2018. It replaces the EU Data Protection Directive (95/46/EC) and strengthens the rules on data protection and privacy for individuals within the EU.
The GDPR is designed to protect the privacy and personal data of EU citizens, and applies to all organizations operating within the EU, as well as to organizations outside the EU that process the personal data of EU citizens.
The GDPR sets out a number of rights for individuals, including the right to access their personal data, the right to have their personal data erased, and the right to data portability. It also requires organizations to obtain explicit consent for the collection and processing of personal data, and to provide clear and transparent information about how personal data is collected, used, and shared.
The GDPR also requires organizations to implement appropriate technical and organizational measures to protect personal data, and to appoint a data protection officer (DPO) if they process sensitive data on a large scale.
Organizations that fail to comply with the GDPR can be fined up to €20 million or 4% of their annual global revenue, whichever is higher.
In summary, GDPR stands for “General Data Protection Regulation” which is a regulation of the European Union that came into effect on May 25, 2018. It replaces the EU Data Protection Directive (95/46/EC) and strengthens the rules on data protection and privacy for individuals within the EU. It applies to all organizations operating within the EU, as well as to organizations outside the EU that process the personal data of EU citizens. It sets out a number of rights for individuals, including the right to access their personal data, the right to have their personal data erased, and the right to data portability.