The General Data Protection Regulation (GDPR) Act is a broad set of data privacy rules that define how an organization must handle and protect the personal data of citizens of the European Union (EU). The Regulation also outlines the way that organizations can report a data breach. Articles 33 and 34 outline the requirements for breach notification; however, most businesses are still unaware of their responsibilities.
Data breaches are now part of doing business, with many companies having been affected. Data is very valuable to criminals because it is often used to commit fraudulent activities as well as to enhance the credibility of scams. Data that is stolen ranges from Social Security Numbers (SSNs) to other identification documents and payment details.