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The extraterritorial EU General Data Protection Regulation (GDPR) sets fines of up to 4% of global annual revenue for companies not sufficiently protecting the
by mjul 10y ago
The extraterritorial EU General Data Protection Regulation (GDPR) sets fines of up to 4% of global annual revenue for companies not sufficiently protecting the personal data of EU citizens from May 2018 and onwards (with a cap of 20 million EUR).
The requirements for compliance are absolutely non-trivial, so I suggest that startups (and older companies) start designing compliance and privacy into their business processes and systems already today.
- mbrookes 10y agoEUR20m isn't a cap - the fines are up to EUR20m or 4% of annual worldwide turnover, whichever is higher.