What does GDPR stand for, and why is it significant?

GDPR stands for General Data Protection Regulation, and it is significant because it provides a comprehensive framework that governs how organizations across Europe handle personal data. The GDPR enhances individuals' control over their personal information and establishes rights such as the right to access, the right to be forgotten, and the right to data portability. By enforcing strict guidelines, the regulation ensures that organizations must take appropriate measures to protect personal data, address data breaches promptly, and be transparent about data collection and processing practices. This has led to increased awareness about data privacy and security, compelling organizations to reassess and strengthen their data protection strategies. Furthermore, non-compliance can result in significant fines, emphasizing the regulation's role in promoting better data governance.