What is General Data Protection Regulation in SAP SAP-LEGAL - Global Field Legal?

SAP Term: General Data Protection Regulation

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Set of laws that came into force on May 25, 2018, which affects data privacy practices throughout the European Union EU.

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• Key Concepts: 
  The General Data Protection Regulation (GDPR) is a European Union (EU) regulation that sets out the rules for the collection, storage, and use of personal data. It applies to all organizations that process personal data of EU citizens, regardless of where the organization is located. The SAP-LEGAL Global Field Legal Compliance component helps organizations comply with GDPR requirements by providing tools to manage and monitor data protection activities. 
  
  How to Use it: 
  The SAP-LEGAL Global Field Legal Compliance component provides a range of tools to help organizations comply with GDPR requirements. These include tools for managing and monitoring data protection activities, such as data mapping, data classification, and data privacy impact assessments. It also provides tools for managing and monitoring data subject rights requests, such as the right to access, rectification, erasure, and restriction of processing. 
  
  Tips & Tricks: 
  Organizations should ensure that they have a comprehensive understanding of GDPR requirements before using the SAP-LEGAL Global Field Legal Compliance component. They should also ensure that they have a clear understanding of their own data processing activities and how they relate to GDPR requirements. 
  
  Related Information: 
  Organizations can find more information about GDPR requirements on the European Commission website (https://ec.europa.eu/info/law/law-topic/data-protection_en). They can also find more information about the SAP-LEGAL Global Field Legal Compliance component on the SAP website (https://www.sap.com/products/legal-compliance.html).