03/04/2020
To this date, the sum of all fines for GDPR non-compliance surpassed the €360 Million mark. Yet most small businesses all over the world do not fully comply with this regulation. Well-known organisations from the UK, such as British Airways and Marriott got fined €202 and €109 Million respectively. Additionally, on the first day that GDPR was implemented Google received a fine of €50 Million for the lack of consent on advertisements in France. By law, fines can reach up to €20 Million, or up to 4% of the company’s yearly revenue, whichever is greater.
The most recent report about European citizens revealed that only 67% of all citizens have heard about GDPR, even though this regulation came into effect on 25 May 2018 - almost 1.5 years ago. This highlights a severe lack of awareness around the General Data Protection Regulation.
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