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What is GDPR and Why Should You Care?

GDPR, or the General Data Protection Regulation, is a legislative framework that came into effect on May 25, 2018, in the European Union. Its goal is to protect the privacy and data of EU citizens. Thanks to GDPR, EU citizens have greater control over their data, and companies are obliged to act responsibly when collecting, storing, and processing that data.

Individuals’ Rights under GDPR

One of the key features of GDPR is providing a wide range of rights to individuals regarding their data. Here are some of the main rights provided by GDPR:

  • Right of Access: You have the right to request information about which of your personal data is being processed and why.
  • Right to Rectification: If you notice that your data is inaccurate or incomplete, you have the right to request the correction of that data.
  • Right to Erasure (“Right to be Forgotten”): Under certain conditions, you can request the deletion of your data.
  • Right to Data Portability: You have the right to request a copy of your data in a structured, machine-readable format and transfer it to another organization.
  • Right to Restriction of Processing: You can request the restriction of processing your data under certain conditions.

Obligations of Business Entities under GDPR

GDPR sets clear obligations for companies and organizations that collect, store, or process the data of EU citizens:

  • Consent: Companies must obtain the individual’s permission to collect and process their data. Consent must be freely given and unambiguous.
  • Transparency: Companies are obliged to provide clear information about the purpose of data collection, the method of processing, and any sharing with third parties.
  • Technical and Organizational Measures: Business entities must implement appropriate security measures to protect data from unauthorized access, loss, or damage.
  • Appointment of a Data Protection Officer (DPO): Certain organizations are required to appoint a DPO responsible for monitoring compliance with GDPR.
  • Data Breach Notification: If a data breach occurs that may negatively impact individuals’ privacy, companies are obliged to notify the relevant authorities and affected individuals.

Benefits of Complying with GDPR

Complying with GDPR has numerous benefits for both individuals and business entities:

  • Increased Trust: Individuals will have greater trust in organizations that show respect for their privacy and data.
  • Improved Reputation: Business entities that comply with GDPR demonstrate seriousness in data protection and customer care.
  • Reduced Risk: Compliance with GDPR reduces the risk of fines and sanctions that can be applied in the event of a breach.
  • Enhanced Data Security: Implementing security measures according to GDPR helps protect data from potential attacks or misuse.
  • Competitive Advantage: Organizations that excel in data privacy protection have an advantage over the competition and can attract new customers.

GDPR represents a revolutionary legislative framework that protects the privacy and data of EU citizens. Data collection, processing, and protection have become a priority for companies across Europe. Our upcoming Congress will explore all aspects of GDPR in European countries, providing you with detailed knowledge and tools needed for compliance with these regulations.

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