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GeneralDataProtectionRegulationGDPR.pdf

2/11/2021 General Data Protection Regulation (GDPR)

https://leocontent.umgc.edu/content/umuc/tgs/cca/cca610/2211/learning-topic-list/general-data-protection-regulation--gdpr-.html?o… 1/3

General Data Protection Regulation (GDPR)

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General Data Protection Regulation (GDPR) is the European Union's (EU) new data

privacy law, implemented May 25, 2018. These regulations protect personal data (defined

as any information relating to an identified or identifiable person) and ensure individuals'

right to privacy through new data protection, security, and compliance requirements

(AWS, 2018).

The central idea behind this law is to require "privacy by default" with regard to the

collection and handling of all personal data.

The GDPR has six general data protection principles (European Commission, 2018):

1. fairness and lawfulness;

2. purpose limitation;

3. data minimisation;

Learning Topic

2/11/2021 General Data Protection Regulation (GDPR)

https://leocontent.umgc.edu/content/umuc/tgs/cca/cca610/2211/learning-topic-list/general-data-protection-regulation--gdpr-.html?o… 2/3

4. accuracy;

5. storage limitation; and

6. integrity and confidentiality.

Scope

Any organization that holds or uses data on citizens inside the EU are subject to these

regulations, regardless of the physical location of the company itself (Kottasová, 2018).

Cost of Compliance and Sanctions

The International Association of Privacy Professionals (IAPP) estimate that Fortune's

Global 500 companies will spend about $7.8 billion on new technology, lawyers, and

compliance consultants in order to ensure they are compliant with the rules, in addition to

costs associated with updating their products and services to make them GDPR-compliant

(IAPP, 2017)

Companies out of compliance could face fines up to 4 percent of annual global turnover

or about $23 million (Kottasová, 2018).

For more information on GDPR, review the references below.

References

Amazon Web Services (AWS). (2018). General Data Protection Regulation (GDPR) center.

Retrieved from https://aws.amazon.com/compliance/gdpr-center/?

sc_medium=AW_AWNS_FMM_GDPR_nb_041018&trk=70150000000mkld&s_k

wcid=AL!4422!3!265937371174!e!!g!!gdpr&ef_id=WvTFNQAAALLzX2jc:201807

31134307:s

European Commission. (2018). 2018 reform of EU data protection rules. Retrieved from

https://ec.europa.eu/commission/priorities/justice-and-fundamental-rights/data-

protection/2018-reform-eu-data-protection-rules_en

Goddard, M. (2017). The EU General Data Protection Regulation (GDPR): European

regulation that has a global impact. International Journal of Market Research,

59(6), 703–705. doi:10.2501/IJMR-2017-050. Retrieved from

2/11/2021 General Data Protection Regulation (GDPR)

https://leocontent.umgc.edu/content/umuc/tgs/cca/cca610/2211/learning-topic-list/general-data-protection-regulation--gdpr-.html?o… 3/3

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International Association of Privacy Professionals (IAPP). (2017). Global 500 companies to

spend $7.8B on GDPR compliance.Retrieved from

https://iapp.org/news/a/survey-fortune-500-companies-to-spend-7-8b-on-gdpr-

compliance/#

Kottasová, I. (2018, May 21). What is GDPR? Everything you need to know about

Europe's new data law. Retrieved from

https://money.cnn.com/2018/05/21/technology/gdpr-explained-europe-

privacy/index.html?iid=EL

Ensuring GDPR Compliance

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