Question

What function do regulations like the General Data Protection Regulation (GDPR) serve?
to ensure companies are safeguarding customer data according to a set of minimum standards
to allow government agencies access to companies' customer data in the case of criminal proceedings
to encourage companies to invest in data protection through compliance subsidies
to enforce the protection of cons

Answer 1

The main function of GDPR is to encourage companies to invest in data protection through compliance subsidies

• GDPR is European Union's latest data privacy and Security law.
• It is the toughest of its kind in the world.
• GDPR maintains the transparency of procedures and gives harsh punishments for violation of privacy.
• It came into force on 25 May 2018.
• Its key principles are transparency, compliance and punishments.
• Accuracy, accountability, confidentiality, fairness, integrity are the special features of this regulation.
• It serves as a model for other countries in the World.

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