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The General Data Protection Regulation (GDPR) is a comprehensive data protection law that was implemented by the European Union (EU) to regulate the processing of personal data of individuals within the EU and the European Economic Area (EEA). The GDPR aims to give individuals more control over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.

One of the key principles of the GDPR is the requirement for organizations to obtain explicit consent from individuals before collecting their personal data. This means that companies must clearly explain why they are collecting the data, how it will be used, and for how long it will be retained. Individuals also have the right to access their personal data, request corrections, and even request that their data be deleted under certain circumstances.

The GDPR also imposes strict requirements on organizations to ensure the security and confidentiality of personal data. This includes implementing appropriate technical and organizational measures to protect against data breaches and unauthorized access. Organizations that fail to comply with the GDPR can face significant fines of up to 4% of their annual global turnover or €20 million, whichever is higher.

In order to comply with the GDPR, organizations must appoint a Data Protection Officer (DPO) who is responsible for overseeing data protection compliance and serving as a point of contact for data subjects and supervisory authorities. The DPO must have expertise in data protection law and practices and must operate independently within the organization.

The GDPR has had a significant impact on businesses around the world, as many companies that process personal data of individuals in the EU or EEA are required to comply with the regulation. This has led to increased awareness of data protection issues and a greater emphasis on data privacy and security within organizations.

Overall, the GDPR represents a major step forward in data protection and privacy rights for individuals in the EU and EEA. By setting clear standards for the collection, processing, and storage of personal data, the GDPR aims to create a more transparent and secure digital environment for individuals and businesses alike.