GDPR
GDPR (General Data Protection Regulation) is a full-scale data protection legislation introduced by the European Union to secure the privacy and personal information of people in the European Union and EEA. GDPR applies to global businesses in general that gather or store personal information from European Union residents. The GDPR lays down tough regulations to ensure the processing of personal information follows acceptable practices to protect personal information in a secure and moral way.
The law affords a set of extended privileges to individuals in matters pertaining to the processing of their personal data, such as the right to access, rectify, erase (the right to be forgotten), restrict the processing, and portability. It is mandatory for organizations to have in place appropriate technical and organization measures, perform a data protection impact assessment (DPIA), notify personal data breaches within set timeframes, and establish a Data Protection Officer (DPO), where necessary. When organizations harmonize with the requirements under the GDPR, they are not only working in line with the law, but will have succeeded in instilling confidence and mitigating the risk of a large financial fine.
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