Gdpr policies 2022

General Data Protection Regulation (GDPR) is a regulation implemented by the European Union (EU) to protect the privacy and personal data of EU citizens. It went into effect on May 25, 2018, and applies to any company that processes the personal data of EU citizens, regardless of where the company is located.

GDPR compliance means that a company must adhere to specific rules and regulations regarding the collection, storage, and use of personal data. Some of the key requirements of GDPR include:

Obtaining explicit consent from individuals before collecting, processing, or storing their personal data
Providing individuals with access to their personal data and the ability to request that it be corrected or deleted
Notifying individuals and authorities of data breaches within 72 hours
Appointing a Data Protection Officer (DPO) to oversee compliance with GDPR
Implementing appropriate security measures to protect personal data
Non-compliance with GDPR can result in significant fines, which can be up to 4% of a company’s global annual revenue or €20 million (whichever is higher)

It is important for companies to conduct a thorough assessment of their data processing activities, identify any gaps in compliance, and implement the necessary measures to bring them into compliance with GDPR.