Let me be the owner of my Data
It’s the start of the year 2020, and day by day we are getting deeply involved with the data and it’s processing, manipulation, analysis and security. In our everyday life we are getting surrounded by applications and tools that are becoming vital for our daily use, with such immense usage of such platforms, applications and data processors there is a always an alarm in everybody’s mind that how their personal data is being collected and used? how it is being manipulated ? Are they selling our personal data to third parties for any purposes ? Is our personal data safe in their hands ? and many more. All such questions arises in the mind of every single user everyday.
GDPR to the rescue.
Back in 2018, To address all these issues and questions and to provide a user some control over his personal data. A law came into implementation in May 2018 termed as GDPR (General Data Protection Regulation). It is a set of regulations and laws implemented along with other European laws for ensuring the protection and privacy of the data of every individual citizen of the European Union and the European Economic Area. Moreover it also addresses the transfer of personal data outside the EU and EEA region.
GDPR consists of rules and regulations that allows a user to have control over their data stored in various locations by various vendors. In short these controls were well defined and are providing the user the right to Access, Update, Remove, Rectify and Backup their data present at various storage servers. All the vendors or companies also have to declare that for what motives and purposes they are using the user’s data or they are not selling any user data to any third party vendors or processors. All the data whether personal or not that is being collected by the companies are safe or not. All the data subject requests must be fulfilled by the companies in order to comply with the GDPR policy and become a GDPR compliant service provider.
After May 2018, When GDPR came into action, Many of the organizations were fined for not fulfilling the requirements as described or bounded by the GDPR. There are many stories revolving around which clearly depicts that many huge organizations were fined up till now for some certain reasons. Penalties and fines that are to be imposed under the GDPR is up to 4% of annual global turnover or €20 million, which is obviously a very massive amount.
CCPA in Action
Moreover if we have a look at the fines and penalties, It can be up to $7,500 for every intentional violation and $2,500 for each unintentional violation.
In a Nutshell
In a nutshell these data protection regulations are providing every single user control over their data, which is also the right of every single user using any of the application or services. On the other hand these laws and regulations are also binding companies and service providers to follow a proper and strict set of rules in order to fulfill all the data subject requests coming towards them. Data is the most important asset to have, he who has it and has the control over it can do wonders.