Governance, Risk & CompliancePrivacy & Data Protection

GDPR

Overview

Direct Answer

The General Data Protection Regulation is EU legislation that establishes comprehensive rules for the collection, processing, and storage of personal data belonging to residents of EU member states and the EEA. It grants individuals enforceable rights over their data and imposes legal obligations on organisations that handle such information.

How It Works

The regulation operates through a consent and lawful basis framework requiring organisations to document processing activities, conduct data protection impact assessments, and implement privacy-by-design principles. It establishes roles including data controllers (who determine processing purposes) and processors (who handle data on behalf of controllers), with documented contracts mandating specific safeguards and breach notification protocols within 72 hours of discovery.

Why It Matters

Non-compliance carries fines up to €20 million or 4% of global annual turnover, creating substantial financial and reputational risk. Organisations operating across borders or handling EU resident data must embed compliance into operations, affecting data architecture, consent management, and vendor selection decisions.

Common Applications

Manufacturing firms collecting employee data, e-commerce platforms processing customer information, cloud service providers handling EU resident records, and financial institutions managing customer databases all fall under its scope. Healthcare organisations and marketing agencies managing personal data are particularly heavily regulated.

Key Considerations

The regulation applies extraterritorially to non-EU organisations processing EU resident data, creating compliance obligations regardless of organisational location. Balancing legitimate business interests with individual rights requires ongoing legal interpretation, as enforcement approaches vary across member state authorities.

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