Listed amongst the toughest security and privacy laws in the world, the General Data Protection Regulation (GDPR) enforces obligations on all the organizations that deliver goods and services to the EU residents and citizens or collect the personal data of such people. As per GDPR, an organization has to process data strictly according to the seven accountability and protection principles outlined by it.
It states that all the data controllers must be able to demonstrate their GDPR compliance. Businesses need to implement appropriate organizational and technical measures for handling data securely. While designing any new service or product, companies have to consider the data protection principles specified by GDPR. It has also underlined a list of instances in which businesses can process personal data legally.
The GDPR has specified a list of new and strict privacy rights for data subjects for providing individuals with more control over the data they give to organizations. It also reserves the right of imposing harsh fines on those who violate its security and privacy standards.