In this video, we discuss the General Data Protection Regulation GDPR as it is covered on the information Systems and Controls ISC CPA exam.
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The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy in the European Union (EU) and the European Economic Area (EEA). It also addresses the transfer of personal data outside the EU and EEA areas. The GDPR aims to give individuals control over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
Key aspects of the GDPR include:
Personal Data Protection: The GDPR applies to 'personal data', which means any information relating to an identifiable person who can be directly or indirectly identified in particular by reference to an identifier.
Consent: Consent of subjects for processing their data must be clear and distinguishable from other matters and provided in an intelligible and easily accessible form, with the right to withdraw consent at any time.
Right to Access: Data subjects have the right to access their personal data and information about how this personal data is being processed.
Right to Erasure: Also known as the 'Right to be Forgotten', this allows data subjects to have the data controller erase their personal data, cease further dissemination of the data, and potentially have third parties halt processing of the data.
Data Portability: This right allows individuals to obtain and reuse their personal data for their own purposes across different services.
Privacy by Design: The GDPR calls for the inclusion of data protection from the onset of the designing of systems, rather than an addition.
Data Protection Officers (DPO): Certain companies are required to appoint a data protection officer to oversee GDPR compliance.
Breach Notification: In the event of a data breach, data controllers must notify their data protection authority and the affected individuals under certain conditions.
The GDPR was adopted on 14 April 2016, and became enforceable beginning 25 May 2018. It replaced the 1995 Data Protection Directive and has had a significant impact on businesses and organizations worldwide that process the personal data of individuals residing in the EU, making compliance a key issue for many. The regulation has set a new standard for data protection and privacy and has inspired similar laws in other jurisdictions.
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