Introduction to GDPR
The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy for individuals within the European Union and the European Economic Area. It addresses the export of personal data outside the EU and EEA areas.
Key Principles of GDPR
- Data Minimization
- Lawful, Fair, and Transparent Processing
- Purpose Limitation
- Accuracy
- Storage Limitation
Impacts of GDPR
GDPR has had a significant impact on the way businesses handle data. Non-compliance can lead to hefty fines, damaged reputation, and loss of trust from customers.
Case Study: Facebook
Facebook faced criticism and fines for GDPR violations, highlighting the importance of compliance with data protection laws.
Statistics on GDPR
- GDPR fines amounted to €158.5 million in 2020.
- 87% of organizations are concerned about GDPR compliance.
- 56% of businesses made changes to their operations due to GDPR.
