Concept Of EU General Data Protection Regulation Essay Assignment Paper

The GDPR is a regulation which aims to strengthen and unify the data protection for all individuals within the European Union and this is done by the European Parliament, the council of European Union and European Commission. It addresses the export of personal data outside the EU. Data helps the businesses to differentiate amongst others and thus represents a competitive edge. The way enterprises use consumer data for marketing, as current regulations do not offer any control to them was a challenge. Thus, GDPR was born with more strict and narrow conformity challenges, with fines of up to four per cent of a company’s annual global revenue.

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It applies if an organization that collects data from EU residents i.e. data controller or an organization that processes data on behalf of data controller i.e. processor e.g. cloud service providers or the data subject i.e. the person is based in the EU. If the organizations are based outside the European Union and if they collect or process personal data of EU residents, the regulation will be applied.