General Data Protection Regulation (GDPR)
🏦 Banking
Quick Definition
The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information from individuals who live in the European Union (EU).
Examples
- 1A bank in the EU updating its privacy policies to comply with GDPR requirements.
- 2An online retailer based in the EU implementing stronger data encryption and secure data storage to protect customer information.
- 3A marketing firm revising its user consent forms to ensure clear, voluntary, and informed consent from EU residents.
Tags
GDPRdata protectionEU regulationprivacy lawcompliance
Quick Info
Category:Banking
Difficulty:intermediate
Last Updated:6/19/2025