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The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal data of individuals within the European Union (EU). It was adopted on April 14, 2016, and became enforceable on May 25, 2018. The GDPR aims to give individuals control over their personal data by setting new standards for data protection and privacy. It also requires companies to obtain explicit consent from users before collecting or processing their personal information.
The GDPR was created to replace the outdated Data Protection Directive from 1995, in order to address modern ways of storing, collecting, and transferring data. It aims to standardize data protection across the EU and empower individuals with greater control over their personal data.
The seven key principles of the GDPR are lawfulness, fairness, and transparency; purpose limitation; data minimization; accuracy; storage limitation; integrity and confidentiality (security); and accountability.
Individuals have the right to be informed, the right to access, the right to rectification, the right to erasure, the right to restrict processing, the right to data portability, and the right to object.
Failure to comply with the GDPR can result in significant fines, which can be up to 4% of a company’s global revenue or €20 million, whichever is greater.
Organizations can ensure compliance with the GDPR by implementing robust systems and processes to safeguard personal data, maintaining data accuracy, and adhering to the seven key principles of the GDPR.
