What is GDPR | Why is it important to me?
If you live in the European Union (EU), you may have heard of the General Data Protection Regulation (GDPR). You may not be sure what it is or how it affects you. In this blog, we will explore what GDPR is and what it means for you as an individual.
What is GDPR?
GDPR is a set of regulations that went into effect on May 25, 2018. That applies to any company that processes the personal data of EU citizens. Personal data is defined as any information that relates to an identified or identifiable natural person. This includes things like name, address, email address, and even IP address.
GDPR is designed to give individuals more control over their personal data and to harmonize data protection laws across the EU.
Under GDPR, companies must obtain explicit consent from individuals to collect, use, and store their personal data.
They must also provide clear and transparent information. How they will use the data and must protect it with appropriate security measures.
GDPR gives individuals the right to access their personal data. The right to have their personal data erased (also known as the “right to be forgotten”). The right to restrict the processing of their data, and the right to object to the processing of their data. It also requires companies to notify individuals and regulators of data breaches within 72 hours of becoming aware of them.
Violations of GDPR can result in fines of up to €20 million or 4% of a company’s global annual revenue, whichever is greater.
What does GDPR mean to me?
As an individual, GDPR gives you more control over your personal data and how it is used. It requires companies to be transparent about how they will use your data. To obtain your explicit consent before collecting and using it.
This means you have the right to know what personal data a company has about you and how it is used. You also have the right to have your personal data erased if you no longer want a company to use it.
It is essential to be aware of these rights and to exercise them where appropriate.