What does GDPR stand for?

GDPR stands for General Data Protection Regulation. This regulation is a comprehensive data protection law in the European Union that governs how organizations handle personal data. It aims to give individuals greater control over their personal data while simplifying the regulatory environment for international business by unifying the regulation within the EU.

Understanding GDPR is crucial for any organization that processes the data of EU citizens, as it defines key principles like consent, data protection by design and default, the right to access, the right to erase, and the requirement for transparency in data processing practices. This regulation emphasizes the importance of protecting personal data and privacy, and non-compliance can result in hefty fines, highlighting its significance in today’s digital economy.