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The General Data Protection Regulation (GDPR) is a European Union regulation that specifies standards for data protection and electronic privacy in the European Economic Area, and the rights of European citizens to control the processing and distribution of personally-identifiable information.
The GDPR 2016 has eleven chapters, concerning general provisions, principles, rights of the data subject, duties of data controllers or processors, transfers of personal data to third countries, supervisory authorities, cooperation among member states, remedies, liability or penalties for breach of rights, and miscellaneous final provisions.
In 1995, the EU passed the Data Protection Directive (DPD), which has recently been replaced with the 2016 General Data Protection Regulation (GDPR), a comprehensive federal data breach notification law. The GDPR offers stronger data protection laws, broader data breach notification laws, and new factors such as the right to data portability.
It has so far fined Meta almost 3 billion euros for breaches under the bloc's General Data Protection Regulation (GDPR) introduced in 2018, including a record 1.2 billion euro fine in 2023 that ...
Data breaches expose sensitive information like your social security number, bank account details and email passwords. This breach puts you at risk of financial loss and damages your reputation.
The 1.2 billion euro punishment for Meta is the highest any company has ever been fined for breaching GDPR. The previous largest fine was a 746 million euros charge for e-commerce giant Amazon for ...
The first reported data breach occurred on 5 April 2002 [8] when 250,000 social security numbers collected by the State of California were stolen from a data center. [9] Before the widespread adoption of data breach notification laws around 2005, the prevalence of data breaches is difficult to determine.
Ireland's Data Protection Commission issued the penalties after wrapping up its inquiry into the breach, when hackers gained access to user accounts by exploiting bugs in the platform’s code ...
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