What is GDPR and its 7 Principles?

In today’s digital age, data has become one of the most invaluable assets for individuals and businesses across the world. With the advent of technology, the amount of personal data being collected and processed has grown exponentially, and this has raised concerns about the privacy and security of individuals’ data. In response, the European Union introduced the General Data Protection Regulation (GDPR) in 2018, a set of regulations designed to protect the privacy and security of an individual’s personal data. This article will furnish an overview of the GDPR and its seven principles, which are the cornerstone of the regulation. Understanding the principles of GDPR is crucial for businesses that handle personal data, as non-compliance can result in severe penalties. What is the GDPR? GDPR stands for General Data Protection Regulation, which is a European Union (EU) regulation on data protection and privacy for all individuals inside the EU and European Economic Area (EEA). It came into effect on May 25, 2018, and replaced the 1995 Data Protection Directive. The GDPR aims to strengthen data protection rights for individuals, harmonize data protection laws across the EU, and increase accountability and transparency for organizations that handle personal data. It mandates that organizations obtain the explicit agreement of individuals before collecting, using, or disclosing their personal data and apply security measures to avoid unauthorized access or disclosure. The GDPR applies to any organization, regardless of its location, that processes the personal data of EU/EEA residents. Non-compliance with the GDPR can result in significant fines and other penalties. View More: What is GDPR and its 7 Principles?