Definition: The General Data Protection Regulation GDPR is a legal framework that sets guidelines for the collection, processing and storage of personal information from individuals who live in the European Union (EU) and the European Economic Area (EEA).
General Data Protection Regulation (GPDR) explained
GDPR applies to all organizations within the EU, as well as those supplying goods or services to the EU or monitoring EU citizens. It is the legislative force established to protect the fundamental rights of data subjects whose personal and sensitive information is stored in organizations. Data subjects are able to request subject access to their personal information as well as request that an organization destroy their personal information. This regulation has an impact on almost every industry.
GDPR is significant because it establishes a single set of rules for all EU organizations to follow, ensuring a level playing field for businesses and making data transfers between EU countries faster and more transparent. It also empowers EU citizens by giving them more control over how their personal data is used.
Within a society that retains more information than ever before, this brings a range of obligations and responsibilities regarding how this data is processed, exchanged, stored, and used. Financial penalties may also be imposed if institutions are found to have acted carelessly or unethically.