General Data Protection Regulation

General Data Protection Regulation (GDPR) is a regulatory law approved by the European parliament and council in April 2016 directing how companies protect EU citizens’ personal data. This law will replace the Data Protection Directive 95/46/ec in spring 2018. Those companies that are not in compliance with GDPR law will be faced with maximum penalties and fines. Some of the important element of personal data and privacy protection of the GDPR includes the approval of individual consent for his or her data processing, collection, protection and across borders sharing. The GDPR mandates a series of baseline standards for companies that are in possession of EU citizens’ private data and better safeguarding the transition of theses given data. It is highly anticipated that GDPR will have a global impact on how personal data collected, used and processed are protected.

Sources