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>> violating GDPR will cost a company 4 percent of its global turnover or $20 million, whichever is larger Isn't there a lower level - 2% and $10 million too?
by thisisit 8y ago
>> violating GDPR will cost a company 4 percent of its global turnover or $20 million, whichever is larger
Isn't there a lower level - 2% and $10 million too?
https://www.itgovernance.co.uk/dpa-and-gdpr-penalties https://www.itgovernance.co.uk/dpa-and-gdpr-penalties
- sgift 8y agoThere are various lower levels. It's "up to". Many of the things GDPR requires have been law in various parts of Europe for a long time (e.g. Germany), sometimes in all of Europe. But the fines were so low that most companies said "eh, who cares" - now enforcement has teeth and it's panic all around.