An overview of the General Data Protection Regulation
The General Data Protection Regulation (GDPR)
The GDPR is a regulatory framework approved by the European
Union parliament in 2016. The regulations ensure that businesses protect the
personal data and privacy of European Union (EU) citizens for any transaction occurring
within the EU member states. GDPR came into effect on 25th May 2018 by
replacing the Data Protection Directive (1995). If any organization does not abide by the
regulations, they have to pay a heavy fine, further causing them legal
proceedings and huge reputational loss.
Importance of GDPR
GDPR came into effect due to rising privacy concerns and
high-profile data breach incidents over the years. Consumers fear the loss of
financial data and security information. GDPR protects the rights of the
citizens of the European Union, enabling them to know about the data stored by
the organization and the purpose behind storing the data.
No one can deny the role the privacy protection and information
security play in the success of an organization. Therefore, it is imperative
for organizations to comply with the requirements of GDPR and establish
security measures and controls to manage and alleviate the risks of data
breaches.
Types of personal data GDPR protects
The Personal
data protected by GDPR about a data subject include:
·
Name, ID numbers, and residential address
·
IP address, location, cookie data
·
Genetic data
·
Health data
·
Biometric data
·
Racial or ethnic data
·
Political opinions and Sexual
orientation.
Type of organizations GDPR applies to
GDPR applies to all those organizations handling the personal
data of the EU citizens. These organizations may be located within the EU
member states or outside of the EU.
The organizations located outside of the EU falls under the
scope of the GDPR in the following situations:
1. If the organization is situated outside of the European Union
but offers goods and services to EU citizens, then it is subjected to the
regulations of GDPR.
2. If the organization monitors the online behavior of Eu citizens,
for example, if it uses tools to track cookies and IP address of the user who
visited its website, then the organization falls under the scope of GDPR.
Closure
Implementation
of the EU's General
Data Protection Regulation (GDPR) has put the consumers at the driver's
seat. The GDPR has urged organizations to change their current arrangements and
conventional approach and reinforce their information safety efforts to thwart
any data breach incident. It has likewise motivated different nations around
the globe to make satisfactory changes in their information security
legislation.
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data privacy laws and get acquainted with the role of a Data Protection Officer
(DPO).
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