Is Your Business Truly GDPR Compliant? Uncover the Key Concepts You Might Be Overlooking!
RAMESHCHANDRAN VADALI
Seasoned Professional with a mastery in Internal Auditing, Risk Management, and Compliance Control | Consultant for Family Businesses and MSMEs | Implemented Risk Management for Clients
Are you confident that your organization's data processing practices fully comply with GDPR, or are you leaving your customers' privacy at risk? How can you ensure that your business not only meets GDPR compliance but also fosters trust and transparency with your data subjects?
Data Controller: The entity that determines the purposes and means of processing personal data.
Data Processor: An entity that processes personal data on behalf of the data controller, according to their instructions.
Data Subject: The individual whose personal data is being processed.
Personal Data: Any information relating to an identified or identifiable natural person.
Special Categories of Personal Data: Sensitive data that includes racial or ethnic origin, political opinions, religious beliefs, trade union membership, genetic data, biometric data, health data, or data concerning a person’s sex life or sexual orientation.
Data Processing: Any operation or set of operations performed on personal data, such as collection, storage, use, disclosure, or destruction.
Processing Purpose: The reason for which personal data is being processed, which must be clearly defined, legitimate, and transparent.
Consent: A freely given, specific, informed, and unambiguous indication of the data subject's wishes by which they agree to the processing of their personal data.
Legitimate Interest: A lawful basis for processing personal data where the controller’s interests are not overridden by the rights and freedoms of the data subject.
Contractual Necessity: A lawful basis for processing personal data when processing is necessary for the performance of a contract.
Compliance: Adherence to the principles and requirements of GDPR to ensure data protection rights are respected.
Privacy by Design: The integration of data protection principles into the design of systems, processes, and products.
Privacy by Default: The principle that personal data is processed with the highest level of privacy and security by default.
Data Protection Impact Assessment (DPIA): A process to assess the risks related to data processing activities, especially for high-risk processing.
Data Breach: A security incident that results in the accidental or unlawful destruction, loss, alteration, unauthorized disclosure, or access to personal data.
Data Portability: The right of a data subject to receive their personal data in a structured, commonly used, and machine-readable format and transmit it to another controller.
Right to Rectification: The right of data subjects to request the correction of inaccurate personal data.
Right to Erasure: The right of data subjects to request the deletion of personal data when it is no longer necessary for the purposes for which it was collected.
Right to Restrict Processing: The right of data subjects to request the limitation of data processing under specific circumstances.
Right to Object: The right of data subjects to object to processing, including profiling, based on legitimate interests or direct marketing.
Profiling: Automated processing of personal data to evaluate certain aspects of an individual, particularly to analyze or predict performance, behavior, or preferences.
Data Minimization: The principle that personal data should be adequate, relevant, and limited to what is necessary for the purposes of processing.
Data Retention: The period during which personal data is kept before it is deleted or anonymized.
Cross-border Data Transfers: The movement of personal data from within the EU/EEA to outside regions or third countries, requiring adequate safeguards.
Binding Corporate Rules (BCRs): Internal policies and procedures used by multinational organizations to transfer personal data across borders in compliance with GDPR.
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Standard Contractual Clauses (SCCs): Legal tools used to ensure adequate protection for cross-border data transfers under GDPR.
Supervisory Authority: An independent public authority responsible for monitoring the application of GDPR within a specific jurisdiction.
European Data Protection Board (EDPB): An independent body that ensures the consistent application of GDPR across the EU, providing guidance and decisions.
EU-U.S. Privacy Shield: A framework for transatlantic exchanges of personal data for commercial purposes between the European Union and the United States (replaced by new arrangements in 2023).
Controller-Processor Agreement: A written contract between a data controller and processor outlining the terms and conditions of processing personal data.
Third-Party: Any entity that is not the data controller or processor but may receive or have access to personal data.
Sub-Processor: A third-party processor engaged by a data processor to carry out specific processing activities.
Record of Processing Activities: A documentation that data controllers and processors must maintain, outlining their data processing activities.
Accountability: The principle that requires organizations to demonstrate compliance with data protection regulations.
Automated Decision-Making: Decisions made solely by automated processes, which may significantly affect a data subject, such as profiling for marketing or credit scoring.
Privacy Notice: A statement provided to data subjects explaining how their personal data will be processed, including the purposes, legal basis, retention period, and their rights.
International Data Transfers: Data transfers to countries outside the EU/EEA, requiring safeguards to ensure an adequate level of data protection.
Anonymization: The process of removing personally identifiable information from data to ensure individuals cannot be re-identified.
Pseudonymization: A data processing technique that replaces personal identifiers with pseudonyms to reduce risks to data subjects.
Data Controller Representative: A person or entity designated to represent a data controller or processor in the EU, in the case of non-EU-based organizations.
Risk-based Approach: A GDPR principle that encourages organizations to assess data processing risks and implement appropriate measures to mitigate them.
Data Subject Access Request (DSAR): A request made by a data subject to access their personal data held by an organization, including information about how their data is processed.
Data Subject Rights: The various rights of individuals under GDPR, including the right to access, rectification, erasure, and portability of their personal data.
Data Security Incident: A situation where personal data is compromised, resulting in risks to the rights and freedoms of individuals.
Security Measures: The technical and organizational measures organizations must implement to protect personal data from security breaches and unauthorized access.
Data Protection Officer (DPO): An individual responsible for overseeing an organization’s data protection strategy and ensuring compliance with GDPR.
Lead Supervisory Authority: The primary data protection authority responsible for overseeing cross-border data processing within the EU.
One-Stop-Shop Mechanism: A system that allows organizations to work with a single supervisory authority for cross-border processing activities.
Personal Data Integrity: Ensuring that personal data is accurate, complete, and up-to-date, preventing errors and inaccuracies.
Privacy Impact Assessment (PIA): A process that helps organizations identify and address potential privacy risks in data processing activities before they occur.
Revenue management, Finance, Budgeting, Auditing, Monitoring and Evaluation, Economic Planning.
3 周With AI roaming allover, businesses have to streamline their policy, expertise and privacy protection mechanisms.
Bachelor of pharmacy,LLB,M.A mass communication and journalism, LLM ( corporate and security law), student of ICSI (executive), Advocate @ Highcourt and district Court of Guntur Andhra Pradesh
3 周thanks for sharing. it is very insightful