This is a new set of guidelines for how business in the European Union should regulate and protect the data they collect and store. Also known as the General Data Protection Regulations or GDPR. See our ‘General Data Protection Regulation’ definition for more information.
Previously, businesses adhered to the 1995 Data Protection Directive. This is an old governance framework put in place before businesses were using data in the way they are now. With the rapid growth of digital, the amount of data produced has increased dramatically and the EU realised that they need to reform these regulations in order to ensure this was managed responsibly.