Regulation (EU) 2016/679
GDPR
General Data Protection Regulation
Regulation governing the protection and privacy of personal data in the EU. It ensures individuals have control over their personal information and sets obligations for organizations processing such data.
Scope
European Union
Effective date
May 25, 2018
Max fine
Up to €20 million or 4% of the annual global turnover, whichever is higher.
Who does it apply to?
Organizations with data of EU residents.
Examples
A company storing customer data of EU citizens.
Impact
Improved data security, customer trust.
Risk of non-compliance
High risk of financial penalties, legal action.
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