Today, we live in the information age and data is one of the most vital assets owned by organizations. The various organizations across the globe collect, record, and store the data pertaining to their customers, patrons and even, the prospective customers.
While most of the companies ensure that they use data to improve their customer service, but, there have been many instances where such data has been misused by the organizations. This calls for strict data protection laws and regulations which can help in safeguarding personal and financial information of people and preventing it from getting misused.
One such data protection regulation is “GDPR”. GDPR (General Data Protection Regulation) was introduced by the European Commission in January 2012 as a data protection reform across the European Union. GDPR applies to the organizations in all the member states and it has implications for individuals and businesses across Europe and beyond.
What is GDPR?
GDPR is a set of rules and regulations which aims at simplifying the regulatory environment for businesses while giving the people more control over their data. GDPR has been designed in a way that both, businesses as well as individuals can optimally benefit from the emerging digital economy.
As per the terms and regulations defined in GDPR, the organizations are required to ensure that the personal data is collected legally and that too, under a set of stringent conditions. Also, the companies and people who manage the data are required to protect the data from misuse or any sort of exploitation. The GDPR also mandates the companies to respect all the rights of the data owners and the ones, who do not indulge in it, may face severe penalties.
Which Organizations Need To Follow GDPR?
The GDPR applies to all the organizations operating within the EU region along with all the organizations which are based outside EU but provide the goods/services to the clients or customers in the EU region.
This implies that almost every major organization in the world is required to comply with the regulations set under GDPR.
Who are Processors and Controllers?
According to the legislation, the data handlers have been divided into two categories – Controllers and Processors. There are diverse definitions laid out for these two types of data handlers in the GDPR.
The “Data Controller” is a public authority, person or agency which individually or jointly with other bodies determines the purpose and the ways for processing the personal data.
On the other hand, the “Data Processor” is a public authority, person or agency which individually or jointly with other bodies processes the personal data of the customers/people on behalf of the data controllers.
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