What does the acronym 'GDPR' stand for, and what is its relevance? 🔊
The acronym 'GDPR' stands for General Data Protection Regulation, a comprehensive data privacy law enacted in the European Union. Its relevance lies in the protection of personal data and privacy for individuals within the EU, setting strict guidelines on how organizations collect, process, and store personal information. GDPR emphasizes transparency, consent, and individuals' rights regarding their data, imposing significant penalties for non-compliance. By influencing global data protection standards, GDPR highlights the importance of ethical data management practices in an increasingly digital world.
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