GDPR

GDPR is the acronym for General Data Protection Regulation.

What is General Data Protection Regulation?

A legal framework that sets guidelines for collecting, processing, and protecting of personal data of individuals within the European Union (EU). The EU Parliament and Council enacted it, and became enforceable on May 25, 2018.

The main goal of the GDPR is to give individuals greater control over their personal data and to harmonize data protection laws across EU member states. It applies to all organizations that process the personal data of EU residents, regardless of whether the organization is located within the EU or outside of it, as long as they offer goods or services to EU residents or monitor their behavior.

Key principles of the GDPR include:

  1. Lawfulness, fairness, and transparency: Personal data must be processed lawfully, fairly, and transparently.
  2. Purpose limitation: Data should only be collected for specific, explicit, and legitimate purposes and not further processed in an incompatible way.
  3. Data minimization: Data collected should be adequate, relevant, and limited to what is necessary for the intended purpose.
  4. Accuracy: Personal data should be accurate and kept up to date.
  5. Storage limitation: Data should be kept in a form that allows the identification of individuals for no longer than necessary for the intended purpose.
  6. Integrity and confidentiality: Personal data must be processed securely, protected against unauthorized or unlawful processing, and kept confidential.

The GDPR grants individuals various rights, including the right to access their personal data, the right to have their data corrected or deleted, the right to restrict or object to data processing, and the right to data portability.

Organizations that fail to comply with the GDPR can face substantial fines and penalties. The maximum fines can be up to €20 million or 4% of the annual global turnover, whichever is higher, depending on the severity of the infringement.

It’s important to note that this response provides a general overview of the GDPR, but there may be additional details and nuances within the regulation.

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