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Fines for European privacy breaches have reached €114 mln since GDPR came into force
Author: Reuters, Published on: 20 January 2020
European regulators have imposed 114 million euros ($126 million) in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.
A report by law firm DLA Piper said France has imposed the biggest single fine - of 50 million euros against Google - while the Netherlands, Britain and Germany led in terms of the number of data breach notifications.
The General Data Protection Regulation was introduced in an effort to safeguard sensitive personal information and prescribes stiff penalties if companies lose control of data or process it without proper consent...
The fines to date pale in comparison to multibillion-euro penalties imposed in EU anti-trust cases, but they are likely to rise over time as appeals and litigation subject the sanctions to scrutiny and create legal precedents...