GDPR Compliance refers to an organization’s adherence to the General Data Protection Regulation (GDPR), a comprehensive data privacy law enacted by the European Union (EU) in May 2018. GDPR sets strict rules on how personal data must be collected, processed, stored, and protected, and applies to any organization - inside or outside the EU - that handles data of EU residents. The regulation aims to give individuals greater control over their personal data and imposes severe penalties for non-compliance, including fines of up to €20 million or 4% of annual global turnover, whichever is higher.
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Key Facts
- Scope: Applies to all companies processing EU citizens' data, regardless of the company’s location.
- Key Principles: Lawfulness, fairness, transparency, purpose limitation, data minimization, accuracy, storage limitation, integrity, confidentiality, and accountability.
- Data Subject Rights: Includes rights to access, rectification, erasure (right to be forgotten), restriction, data portability, and objection.
- Consent: Must be freely given, specific, informed, and unambiguous - no pre-checked boxes or implied consent.
- Penalties: Non-compliance can result in fines of up to €20 million or 4% of global annual revenue.
1. What is GDPR and why does it matter?
GDPR (General Data Protection Regulation) is an EU law that governs how organizations handle personal data of EU residents. It matters because it enforces strong privacy protections and applies globally to any business that deals with EU data.
2. Who needs to comply with GDPR?
Any organization, whether based in the EU or not, that processes or stores personal data of individuals located in the EU must comply with GDPR.
3. What are the main requirements of GDPR?
Organizations must collect data lawfully and transparently, minimize data collection, secure data properly, provide individuals with rights over their data, and report breaches within 72 hours.
4. What rights do individuals have under GDPR?
Individuals have rights to access their data, correct inaccuracies, request deletion, restrict or object to processing, and receive their data in a portable format.
5. How can a company become GDPR compliant?
Companies should audit their data practices, update privacy policies, obtain clear consent, secure personal data, train employees, and establish breach response procedures.
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