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Some big names have already been hit with these noncompliance fines: Up to €20 million ($23 million) or 4% of annual global turnover. To make sure companies handle your personal data in a legal, ethical way, the fines for noncompliance are: The GDPR threatens would-be violators with some severe penalties. What Are the Penalties for Violating the GDPR? If you’re ready for a more thorough look at the ins and outs of the GDPR, our What is GDPR? guide will help you fully understand the law’s key requirements. This is the landscape that the GDPR and similar laws hope to regulate.

Political consulting firm Cambridge Analytica secretly took information from 50 million Facebook profiles and gave it to the 2016 Trump campaign.īoth these incidents illustrate how data breaches have serious real-world consequences.

Almost half the population of the US had their name, date of birth, and social security number stolen from credit reporting agency Equifax as the result of a data breach.

Here are some newsworthy examples from before the GDPR started cracking down: Unfortunately, breaches happen all the time. What Is a ‘Breach’ Under GDPR?Īny incident that leads to personal data being lost, stolen, destroyed, or changed is considered a data breach. One piece alone might not say much, but connected together they reveal a vivid picture of your life. Name / phone number / address / date of birth / bank account / passport number / social media posts / geotagging / health records / race / religious and political opinions Put simply, it’s any private details that you wouldn’t want to fall into the wrong hands. Personal data is information that can be used to identify you. What Is Classified as Personal Data Under GDPR?

If you know how this key piece of legislation works, you’ll have more control over your life online. The GDPR tells companies of all sizes what they can and can’t do with your information. With this much money at stake, do you trust them to have your best interests at heart? Personal data is highly valuable - in fact, it supports a trillion dollar industry.Ĭompanies like Facebook and Google make their profits by selling personal information to advertisers. When it went into effect on May 25, 2018, the GDPR set new standards for data protection, and kickstarted a wave of global privacy laws that forever changed how we use the internet.

Although it was passed in Europe, it affects businesses worldwide. It’s a law created in the European Union (EU) to protect the personal data of its citizens. GDPR stands for General Data Protection Regulation. Understanding GDPR for dummies involves knowing where the GDPR came from, as well as why we need it.

Key Takeaways: GDPR Explained in Under 5 Minutes.

Quick Guide to GDPR Compliance - What Should Businesses Do?.

GDPR: A Simple Guide for Internet Users.

You can comply with the GDPR using Termly’s free Privacy Policy Generator and Consent Manager.