Questions
What is GDPR and Why GDPR Comliance is Important?
Asked by Infinity Legal Solutions, in Legal
The General Data Protection Regulation (GDPR) is a regulation of the European Union. It became binding and directly applicable in all Member States of the European Union on May 25, 2018.
The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union in May 2018, designed to safeguard the privacy and personal data of individuals within the EU. GDPR establishes strict guidelines for data collection, processing, and storage, requiring organizations to obtain explicit consent from individuals before using their data and to ensure robust data protection measures are in place. Compliance with GDPR is crucial as it enhances consumer trust, mitigates the risk of data breaches, and protects organizations from hefty fines and legal repercussions. Additionally, adhering to GDPR standards demonstrates a commitment to ethical data management practices, which can provide a competitive advantage in an increasingly privacy-conscious market.
May 27th 2024 08:31