How does the GDPR affect business processes?
The General Data Protection Regulation (GDPR) is a law in the European Union (EU) that protects individuals’ personal data and privacy. This law also impacts businesses in Virginia and across the world. The GDPR requires businesses to be more transparent about how they process and handle customers’ data. Businesses must explain their data collection practices, inform customers of their rights, and obtain consent for data usage. The GDPR also impacts how businesses store and secure their customers’ data. Businesses must take measures to keep data secure, minimize data collected, and encrypt customer data before it is stored. The GDPR also requires businesses to be more accountable for data breeches. Companies have to report data breaches within 72 hours of discovering the breach. They must also provide information regarding who the breach affected and the type of data involved. Finally, the GDPR includes the right to be forgotten. This law gives individuals the right to request that companies delete their personal data. Businesses must comply with this request if there are no legitimate reasons for continuing to store it. Overall, businesses in Virginia need to comply with the GDPR or face hefty fines. This law has changed the way businesses process and store data and has also made them more accountable for data breaches. By understanding the GDPR and taking the necessary steps to comply with the regulations, businesses can protect their customers’ data and their own reputations.
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