A Quick Guide to General Data Protection Requirements (GDPR)
The General Data Protection Requirements is a collection of rules that works to restrict all companies within the European Union to share unnecessary data of their users with the public without the permission of these users. The GDPR was implemented by the EU to set the companies accountable for the amount and the purpose of data they share about their users either with other companies or with the public.
A Quick
Guide to General Data Protection Requirements acts to
provide us with insightful information about the extent to which the companies
under the EU are allowed to save or share the data of their customers. If you
are a business owner then this guide will help you understand the core
principles and importance of the GDPR and you can make your company policies
according to these regulations. For more information, you can check out the data protection compliance checklist to see if your company’s current policies
about data security comply with the regulations set in the GDPR.
GDPR
Requirements
In order
for an organization to meet the criteria set by the GDPR, the organization must
ensure that the data they are collecting is in accordance with the GDPR privacy
laws. The GDPR data protection law is
essential because these requirements not only prevent companies from sharing
their user’s data but also restrict how much data of their user’s they can
collect themselves and for what purpose.
Moreover, the
organizations that opt to follow these GDPR rules must know the repercussions
of these rules on their company structure and revenue. Many companies in silicon valley whose
entire structure works on collecting, storing, and sharing of data must be
aware of how these GDPR privacy laws could affect their company as a single
wrong step in this matter can prove to be catastrophic for their organization.
Principles
of GDPR
The GDPR
has seven core principles that must be followed by every organization so that
the EU can regulate the flow of data across the online world. These
core seven principles are:
Fairness,
Lawfulness, and Transparency
This
principle forces the companies to ensure complete transparency of their data
usage of its clients and use that data with complete honesty.
Purpose
Limitation
If a
company decides to share the data of their clients with another company or with
the public, then there must be a legitimate reason for the organization to take
such a step.
Data
Minimization
The GDPR
ensures that each company must store or share their client’s data on a need to
do basis and must have a legitimate reason to do so.
Accuracy
Companies
must make sure that they keep the personal data of their users strictly
accurate and up to date. It is because if they must share any information in
the future then it may not consist of any false claims or information about the
users.
Storage
Limitation
The GDPR
ensures that the companies limit their data storage and get rid of any personal
data of their users which is not necessary to be stored. Moreover, any old data
of their clients is strictly forbidden to be used after a specified time due to
that information being of obsolete relevance.
Security
Companies
must have complete security of all of their data and avoid any data breaches.
If any data is leaked then legal action will be taken against them with full
force.
Accountability
If any
data is leaked and the security of any company is breached then the company
will solely be held completely accountable for the breach and the leaking of
personal data.
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