Companies are keeping their eyes on fines and gauging how GDPR compliance, or lack thereof, might impact them. Allen Bernard reports.
We are starting to approach the one-year anniversary of the European Union’s General Data Protection Regulation (GDPR) launch and, so far, most companies have been spared the worst the new law has to offer. Specifically, that would include fines up to €20 million or a whopping four percent of the prior year’s worldwide revenues, what the GRPR refers to as “worldwide turnover.” This is expected to change, however, as cases wend their way through the courts, precedents are set and the law matures.
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