GDPR: All The Stats, Facts, And Data You’ll Ever Need To Know
GDPR is the common regulation for the business to protect all the personal data of the EU citizens. GDPR also set for ensuring that the privacy of the EU citizens needs to be maintained for every transaction in the EU member states. Any kind of non-compliance could cost the companies. The main purpose of setting the GDPR is to completely protect the data of the customers in the standardization aspects within the country. This is mainly helpful for EU citizens to easily understanding the method of data used. Completely data management with the use of high-end technology is maintained.
What Is The GDPR?
GDPR was adopted in April 2016 by The European Parliament with replacing the outdated data protection directive of 1995. The new general data protection regulations especially carries out the important features that the business could protect the personal data privacy of the EU citizens. All the transaction that occurs within the EU member state is to be analyzed under the GDPR regulations. Business in the EU needs to follow all the GDPR Requirements in 2020 so that it would be quite eir for protecting the customer data.
Data pertaining to the individuals who are residing in the European Union are mainly protected with the GDPR. The complete process ensures that identifying the information like identity document will be similar to that of the Social Insurance Numbers in Canada and Social Security numbers in the U.S. normally, the gdpr benefits are wider as it would give maximum protection for your
1) IP and Email Addresses
2) Physical Device Information
3) Computer’s MAC Address
4) Individuals’ Home Addresses
5) Dates of Birth
6) Online Financial Information
7) Online Transaction Histories
Why is GDPR implemented?
Most of the customers are concerned about their privacy while making online transactions with information management. Europe has more strict rules about how companies need to use personal data of their citizens. GDPR has been introduced replacing the EU’s Data Protection Directive.
Impact Of The GDPR:
With the implementation of the GDPR, many numbers of regulations have been laid for the business while interacting with the EU citizens. The effects of GDPR’s legislation mainly surpass the EU with affecting the US, Chinese as well as other non-EU companies in the EU. With the strict gdpr penalty on the companies who do not follow the rules and regulations, every company in the EU needs to abide by the law. With the establishment of this GDPR, the data privacy of the customers is maintained with the satisfaction of customers.
What Types Of Privacy Data Does The GDPR Protect?
With a wide number of high-profile data breach have been taking place, the GDPR has been set in the EU countries. Under the GDPR protection system, below are the list of identity information of the customers in the EU will be protected.
v Identity information – Name, Address and ID numbers
v Biometric data
v Political opinions
v Health data
v Genetic data
v Web data – Location, IP address, RFID tags, and cookie data
v Sexual orientation
v Racial or ethnic data