GDPR
The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union (EU) in 2018. It sets strict guidelines for how personal data of EU citizens should be collected, processed, stored, and used. The regulation is designed to give individuals more control over their personal information, ensuring that organizations handle data in a transparent, secure, and lawful manner. GDPR applies not only to companies based within the EU but also to any organization worldwide that processes the data of EU citizens.
One of the core principles of GDPR is that individuals must give clear consent for their data to be collected, and they have the right to access, correct, and even delete their information. The regulation also mandates companies to implement robust security measures to protect data and requires them to notify authorities and affected individuals in case of a data breach. Non-compliance with GDPR can result in severe penalties, including fines of up to 4% of a company’s global revenue or €20 million, whichever is higher.