Positive Impacts of GDPR
The General Data Protection Regulation (GDPR) is the European Union regulation on information privacy in the European Union (EU) and European Economic Area (EEA). It was put in place to govern the transfer of personal data outside the EU and EEA and to enhance individual control and rights over their own personal information. The GDPR, which came into effect in May 2018, has had positive impacts on individuals, businesses, and society.
Some of the key positive impacts of GDPR include:
- Improved data security: GDPR led organizations to understand they could not just use data any way they wanted. It requires organizations to implement strong data security measures to protect personal data from unauthorized access, use, disclosure, or destruction.
- Increased accountability for organizations: GDPR introduced new requirements for organizations that must demonstrate compliance with GDPR.
- Enhanced cross-border data flows: GDPR provides for several mechanisms that facilitate cross-border data flows, such as adequacy decisions and standard contractual clauses. The goal was to make the personal data transfer outside of the European Union easier and safer.
- Increased innovation: Organizations must find new ways to comply with GDPR, while also maintaining their business operations. This has led to the development of modern technologies and services to allow them to manage their personal data more effectively.
GDPR has played a crucial role in advancing data privacy and protection in the digital age. Does your business have to comply with GDPR or other compliance regulations? If so, do not go at it alone. 2W Tech offers comprehensive support in understanding complex compliance regulations, performing gap analysis, implementing necessary controls, and preparing for audits. Give us a call today to learn more.