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.
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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