What is GDPR?
GDPR is a set of rules which are designed to grant the EU citizens more control over their personal data. The gist of GDPR is to ease the regulatory environment for business so that both the businesses and the citizens of the European Union can make the most of the benefits provided by the digital economy. The reforms are designed in such a way that it reflects the world we are existing in, and brings forth law and obligation. These encompass personal data, privacy, and consent to be up to speed for the digital age. In fundamental terms, almost every aspect of our lives revolves around data which range from social media companies, banks, retailers, and governments and services involving the collection and analysis of our personal data. Your data like name, address, credit card number, and a lot of it is collected, analysed and stored by mostly the organizations.
How was it originated?
In the year 2012, the European Commission laid down plans for data protection reform to make Europe fit for digital age. Then, four years later, an agreement was reached that what should be involved and how it should be enforced. The introduction of GDPR or General Data Protection Regulation is one of the key components of the reforms. This new EU framework is applicable to all the companies in all the member states and has implied for businesses and citizens across Europe and beyond.
Data breaches are inevitable. Information is prone to get lost, stolen or get into the wrong hands who were never meant to see it, and those people have ill intent. When it comes to the terms of GDPR, not only companies will have to make sure that the personal data is solicited legally and under stringent conditions, but those who solicit and handle it will be obliged to safeguard it from misuse and exploitation and to respect the rights of data owners as well or face the penalties for not doing so.
Whom does GDPR apply to?
GDPR is applicable to any company which is operating within the EU and the companies outside of EU as well which provide goods or services to the consumers or businesses in the EU. Eventually, in other words, every major company in the world will have to prepare itself when GDPR comes into effect and must begin working on their GDPR compliance strategy. There are two kinds of data handlers the legislation is applicable to: Processors and Controllers.
A controller is a person, agent, public authority, or any other body which solely or jointly with others ascertains the purposes and means of personal data processing. On the other hand, processor is a person, agent, government authority, or any other body which processes the personal data acting on the behalf of the controller. For example, if you are currently subjected to the UK’s Data Protection Act, you will have to at the GDPR compliance as well. And as a matter of fact, by May 25, 2018, all the organizations have compliance with the GDPR.