Fines for breaches of EU privacy law spike sevenfold to $1.2 billion, as Big Tech bears the brunt

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Fines for breaches of EU privacy law spike sevenfold to $1.2 billion, as Big Tech bears the brunt
France Dernières Nouvelles,France Actualités
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EU data protection authorities have handed out a total of $1.2 billion in fines over breaches of the bloc's GDPR law since Jan. 28, 2021.

EU data protection authorities have handed out a total of $1.2 billion in fines over breaches of the bloc's GDPR law since Jan. 28, 2021, according to law firm DLA Piper.

DLA Piper says a major "headache" for organizations going forward is legal uncertainty surrounding EU-U.S. data transfers.Fines for violations of the European Union's landmark privacy law have soared nearly sevenfold in the past year, according to new research. Notifications of data breaches from firms to regulators climbed more modestly, by 8% to 356 a day on average.are aimed at giving consumers in Europe more control over their information.

Failure to comply can result in potentially hefty fines — namely, up to 4% of a company's annual global revenues or 20 million euros , whichever is the bigger amount.

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