GDPR stands for general data protection regulation and it is European privacy law. This law came into effect on May 25, 2018, and it focuses on the data protection of EU residents. The law is a replacement for the 1995 Data Protection Directive and it aims in unifying approaches to data privacy and security.
GDPR affects each and every business, company and organizations around the world that has access to the data of EU citizens. It does not matter if the company is situated in EU or outside the European Union. If it process or hold large amounts of consumer data then it has to comply with GDPR guidelines.
What does it mean for me?
If you are an EU resident then you have the power to hold companies to account as never before. GDPR gives you access to know where your data is stored by the company, with whom the data is shared and you can request access to your personal information from sites and can even ask them to delete your information from the data base.
Key elements of the GDPR
- After the introduction of GDPR, the personal data is processed fairly, lawfully and transparently.
- The data of EU residents now can be stored, collected and processed to specific period of time, for specific reason only and cannot be used beyond its original purpose.
- Severe penalties can be imposed on the organizations which do not comply with GDPR guideline.
- GDPR makes sure that personal data of EU residents is kept securely and protected from unlawful access, loss or damage.
Your privacy rights
There are several rights that GDPR gives to an individual to access and control their data:-
1. The right to be informed:
You have the power to known why your data is being collected, what data is need, how long it will be kept and with whom it will be shared.
2. The Right of Access
An individual can contact any organization anytime and can ask them to provide the data they hold, which information do they have, how long it will be kept, and with whom the information is being shared.
3. The Right to Rectification
You have the right to ensure that information about you is correct and you can ask for changes if needed.
Also, there are many other rights that are given to EU residents to protect their personal data around the globe.