GDPR stands for General Data Protection Regulation.
|Full Form||General Data Protection Regulation|
|Category||Governmental » Law & Legal|
What is GDPR?
The General Data Protection Regulation (GDPR) is a new EU law that will come into effect on May 25, 2018. It replaces the 1995 Data Protection Directive.
The GDPR sets out the rules for how personal data must be collected, processed and stored by companies operating in the EU. It also establishes new rights for individuals with respect to their personal data.
Under the GDPR, companies must get explicit consent from individuals before collecting, using or disclosing their personal data. They must also provide users with clear and concise information about their rights under GDPR.
If a company fails to comply with the GDPR, it may face sanctions including fines of up to 4% of its global annual revenue or €20 million (whichever is greater), or both.