GDPR – General Data Protection Regulation

What is GDPR – General Data Protection Regulation?

The GDPR, or General Data Protection Regulation (EU) 2016/679, is a regulation in EU law on data protection and privacy in the European Union (EU) and the European Economic Area (EEA). It also talks about the transfer of personal data outside the EU and EEA areas. The primary aim of GDPR is to give teh control over the personal data to each individuals and simplify the regulatory environment for international business by unifying the regulation within the EU.


Why is GDPR important?

The biggest importance of GDPR (General Data Protection Regulation) is the improvement of European data subjects rights protection and the clarification of how personal data has to be processed and protected. It is extremely important to comply with this law as the consequences can be massive penalties of up to €20m or even as much as four percent of the global revenue of the company