Its primary aim is to give EU citizens greater control over their personal data and to ensure that companies and organizations that collect and process this data do so in a transparent and responsible manner. The GDPR replaces the Data Protection Directive 95/46/EC and is considered the most significant overhaul of data protection regulation in the last 20 years.
The GDPR applies to all companies and organizations that handle the personal data of EU citizens, regardless of where those companies or organizations are based. It includes strict requirements for data protection and privacy, and it introduces a number of new rights for individuals, such as the right to be informed about how their data is being used, the right to access their data, the right to have their data erased, and the right to object to the processing of their data.
One of the biggest impacts of the GDPR is that it places a greater burden of responsibility on companies and organizations to ensure the privacy and security of the personal data they collect and process. This means that companies must implement strict measures to protect data against theft, unauthorized access, or misuse. Companies must also obtain explicit consent from individuals for the collection and processing of their data and must provide them with clear information about how their data will be used.
Another significant impact of the GDPR is that it gives individuals greater control over their data. Under the GDPR, individuals have the right to access their data, the right to have their data erased, and the right to object to the processing of their data. This means that individuals can request that companies delete their data, correct inaccuracies, or provide copies of their data upon request. Companies must also ensure that data is kept accurate and up-to-date.
The GDPR also introduces strict penalties for non-compliance. Companies that fail to comply with the GDPR can face fines of up to €20 million or 4% of their global annual revenue, whichever is greater. This means that companies must take the GDPR seriously and ensure that they are compliant with all its requirements.
The GDPR has had a significant impact on data privacy and protection. It has forced companies to take data protection more seriously and to invest in the necessary technologies and processes to ensure that they are compliant with the GDPR's requirements. It has also given individuals greater control over their data and has increased their awareness of data privacy and protection.
Overall, the GDPR is a positive step towards ensuring greater data privacy and protection for individuals. It places greater responsibility on companies and organizations to protect personal data and gives individuals more control over their data. While it has required significant changes for companies, it is an important regulation that will continue to shape data protection practices for years to come.