GDPR Compliance

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‍Did you know? 67% of consumers say they won’t do business with a company if data handling isn’t transparent.

1. What is GDPR Compliance?

GDPR Compliance refers to adhering to the General Data Protection Regulation, a law that governs how organizations collect, store, and process personal data of individuals in the EU. It ensures privacy, security, and transparency in data handling.

2. What are the 7 main principles of GDPR compliance?

The 7 principles of GDPR compliance are:

1. Lawfulness, fairness & transparency
   
2. Purpose limitation
   
3. Data minimization
   
4. Accuracy
   
5. Storage limitation
   
6. Integrity & confidentiality
   
7. Accountability
   

These principles form the foundation of lawful data management under GDPR.

3. Who needs GDPR compliance?

Any organization, regardless of location, that collects or processes data from EU residents must comply with GDPR. This includes companies in tech, e-commerce, finance, healthcare, SaaS, and more.

How GDPR align with financial regulations and how Convina AI helps in being complaint