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The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding GDPR
The General Data Protection Regulation (GDPR) is a data privacy law enacted by the European Union to protect the personal data of EU citizens. GDPR requires organizations, including those outside the EU, to comply with stringent data protection standards if they handle the personal data of EU residents. Understanding and implementing GDPR is critical, as non-compliance can lead to substantial fines and penalties. GDPR ensures that third-party vendors and partners also adhere to GDPR principles to prevent data privacy breaches.
Under GDPR, organizations must ensure transparency, obtain consent, allow data access and correction, and report breaches within 72 hours. Key aspects such as data minimization, encryption, and secure data transfer are vital, particularly for businesses dealing with multiple third-party entities. CORL and Meditology Services implement GDPR-compliant measures to safeguard personal data across third-party ecosystems, ensuring adherence to privacy standards.