What must organizations provide to data subjects as per GDPR?

Organizations must provide clear and transparent information about data processing to data subjects in accordance with the General Data Protection Regulation (GDPR). This requirement is a fundamental principle of GDPR, reflecting the regulation's emphasis on transparency and accountability in the handling of personal data. By providing this information, organizations help ensure that individuals understand how their data is being used, who is processing it, the purposes of that processing, and the legal basis for it. This transparency is crucial for empowering individuals to make informed decisions about their personal data.

The importance of this obligation lies in fostering trust between the organization and the data subjects. It underpins the rights of individuals under GDPR, such as the right to access their data and the right to be informed, which are designed to enhance individual control over personal information.

In contrast, the other choices do not align with the fundamental obligations set by GDPR. Access to financial history is not universally required for all data processing scenarios within GDPR, as it depends on the context and relevance of the data. Assurances against data breaches, while important, are not explicitly part of the obligations to inform data subjects. Finally, unlimited data storage options are not a provision of GDPR; in fact, the regulation mandates storage limitations, requiring organizations to keep personal data only