What Does GDPR stand for and why it should matter to you?

One thing you might have observed nowadays is an uncommonly high number of organizations sharing details about their privacy policy and terms and conditions web pages.

GDPA1

This is as a result of a new law in the EU called GDPR. For the collection and processing of personal information of individuals, European Union creates a digital privacy law named GDPR. GDPR Stands for (General Data Protection Regulation). It specifies the relocation of personal data outside the EU and EEA areas. 

The main object of this law is to make things easier for business so both citizens and organizations in the EU residents can completely benefit from the digital economy. It is also known as the extra-territorial effect. 

Does the GDPR apply to companies outside of the EU?

GDPR is valid to business organizations that may have little to do with the European Union. This law is applicable to the organizations that are found in the EU yet if the data is processed or stored outside of Europe. 

There are two conditions in which GDPR is applicable to organizations outside of the EU.

If your company is not in Europe but you accommodate EU clientele and your organization uses web tools that allow you to track cookies or the IP addresses of communities who visit your website from EU countries, then you must have to follow the GDPR.

Principles of GDPR

  • Lawfulness, fairness and transparency
  • Purpose limitation
  • Data minimization
  • Accuracy
  • Storage limitation
  • Integrity and security
  • Accountability

It is important to identify with the requirements and implications of principles for your company, and implement them within the environment of your company.

For the legalized processing of personal data, adhering to these guiding principles throughout design, executions and operations will assist you to make sure that organizations are in compliance with the GDPR.

Conclusion

At the end, it is concluded that GDPR is must for all the organizations that are based in EU or outside EU if they collect, process or store the data of EU residents.

Under this law, every EU resident gets access to know where their information is stored, processed and shared by the organizations with which they share their data.