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What Does Mean GDPR?
The General Data Protection Regulation (GDPR) is a set of rules and regulations that were approved by the European Union (EU) in April 2016. The GDPR replaces the 1995 Data Protection Directive and is intended to give individuals more control over their personal data and to harmonize data protection laws across Europe. Under the GDPR, organizations that process personal data must be transparent about how they use it and must obtain explicit consent from individuals before collecting and using their data. Organizations must also provide individuals with access to their data and the right to have it deleted or corrected. The GDPR applies to any organization that collects, stores, or processes personal data of EU citizens, regardless of where the organization is located. This includes organizations located outside of the EU that offer goods or services to EU citizens or monitor their behavior. Organizations that fail to comply with the GDPR can be fined up to 4% of their global annual revenue or €20 million, whichever is greater. The GDPR is a complex and far-reaching regulation, and compliance can be difficult for many organizations. However, it is important for organizations to take the necessary steps to ensure that they are compliant with the GDPR. Doing so will help protect individuals’ personal data and will ensure that organizations do not face large fines for non-compliance.