GDPR
EU regulation for personal data protection and privacy
ISO 31000
International standard for risk management principles and guidelines
Quick Verdict
GDPR mandates data privacy compliance for EU data processors worldwide with hefty fines, while ISO 31000 offers voluntary risk management guidelines for all organizations. Companies adopt GDPR for legal adherence, ISO 31000 for strategic resilience.
GDPR
Regulation (EU) 2016/679 General Data Protection Regulation
Key Features
- Applies extraterritorially to non-EU organizations targeting EU residents
- Mandates accountability principle with demonstrable compliance evidence
- Imposes fines up to 4% of global annual turnover
- Requires 72-hour personal data breach notification
- Enshrines right to erasure and data portability
ISO 31000
ISO 31000:2018 Risk management — Guidelines
Key Features
- Eight principles for integrated risk management
- Framework embedding risk into governance and strategy
- Iterative process for risk identification and treatment
- Customizable to any organization size or sector
- Focus on leadership commitment and continual improvement
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
GDPR Details
What It Is
Regulation (EU) 2016/679, known as GDPR, is a directly applicable EU regulation enacted in 2016 and enforceable since May 25, 2018. It protects natural persons' rights regarding personal data processing, applying extraterritorially to any organization targeting EU residents. Its principles-based, accountability-driven approach emphasizes lawful processing, data minimization, and demonstrable compliance.
Key Components
- Seven core principles: lawfulness, fairness, purpose limitation, minimization, accuracy, storage limitation, integrity/confidentiality, plus accountability.
- Enhanced data subject rights: access, rectification, erasure, portability, objection.
- Obligations like DPO appointment, DPIAs for high-risk processing, 72-hour breach notifications.
- Enforcement via DPAs, one-stop-shop, fines up to €20M or 4% global turnover. No formal certification; compliance audited by authorities.
Why Organizations Use It
Mandatory for EU data processors; avoids severe fines, mitigates risks from breaches/transfers. Builds stakeholder trust, enables Digital Single Market participation, sets global benchmark influencing laws like LGPD/CCPA.
Implementation Overview
Gap analysis, process mapping, ROPA maintenance, staff training, vendor contracts. Applies universally to controllers/processors handling EU data; SMEs face high burdens. Ongoing audits, no certification but DPA oversight.
ISO 31000 Details
What It Is
ISO 31000:2018, Risk management — Guidelines is an international framework providing principles and guidelines for managing risk systematically. It applies to any organization, focusing on identifying, analyzing, evaluating, treating, monitoring, and reviewing risks to create and protect value through a structured, iterative process.
Key Components
- **Three pillarsPrinciples (8 core principles like integrated, customized, continual improvement), Framework (leadership, integration, design, implementation, evaluation, improvement), Process (communication, scope/context/criteria, assessment, treatment, monitoring/review, recording/reporting).
- No fixed controls; flexible, non-certifiable model emphasizing leadership and culture.
Why Organizations Use It
- Drives strategic decisions, resilience, and value creation.
- Meets regulatory expectations indirectly (e.g., Basel III), lowers insurance premiums, enhances trust.
- Provides competitive edge via risk-adjusted performance and innovation.
Implementation Overview
- Phased approach: diagnose/design, build/deploy, operate/optimize, institutionalize.
- Applicable to all sizes/sectors; voluntary, no certification but internal audits recommended. (178 words)
Key Differences
| Aspect | GDPR | ISO 31000 |
|---|---|---|
| Scope | Personal data protection and privacy | General risk management principles |
| Industry | All sectors processing EU data globally | All industries worldwide, any organization |
| Nature | Mandatory EU regulation with fines | Voluntary non-certifiable guidelines |
| Testing | DPIAs for high-risk processing | Risk assessments and continual reviews |
| Penalties | Up to 4% global turnover fines | No legal penalties |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about GDPR and ISO 31000
GDPR FAQ
ISO 31000 FAQ
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