Oct 1, 2022
Sohini Roy
The General Data Protection Regulation (GDPR) is an EU law that came into effect on May 25th, aiming to protect personal data and regulate how organizations handle information. It applies not only within the EU but also impacts companies worldwide handling EU citizens' data. GDPR provides strict guidelines on the collection, storage, and usage of personal data, granting individuals more control over how their data is used.
Why is GDPR important?
Data Misuse Prevention: GDPR outlines guidelines on what organizations can and cannot do with personal data.
Building Trust: By following GDPR, companies can build trust with users by ensuring transparency in data usage.
Data Security: Achieving GDPR compliance indicates that a company maintains high standards of data security.
Comprehensive Data Management: GDPR promotes effective data management practices, ensuring both security and privacy are maintained.
Key Aspects of GDPR:
Personal data includes any information that can identify an individual, including names, phone numbers, and even IP addresses.
GDPR places tighter restrictions on sensitive data, such as health information and political opinions.
It encourages organizations to be transparent about data usage and obtain clear consent from individuals.
About Genesis:
Genesis is a cyber risk management platform that helps businesses monitor cybersecurity posture, map digital assets, and manage third-party risks. By leveraging attack surface management, Genesis assists in preventing data breaches, identifying vulnerabilities, and providing a risk score to help businesses stay ahead of potential threats.
