The EU’s GDPR regulation and its attached fines appears to be encouraging data breach reports with almost 60,000 such reports being filed since the privacy law went into effect in May, but the number of fines imposed lag far behind.
A report by DLA Piper found 59,000 data breaches have been reported to regulators throughout the EU and all of these breaches are not equal as they range from simple emails being sent to the wrong party to major hacks impacting millions.
However, only 91 fines have been issued so far and not all of them are related to data breaches. Google was fined about $57 million by the French data protection authority - the CNIL - for processing of personal data for advertising purposes without valid authorization.
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