Home World Five years of GDPR: more than 4 billion euros in fines imposed on companies

Five years of GDPR: more than 4 billion euros in fines imposed on companies

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Five years of GDPR: more than 4 billion euros in fines imposed on companies

The General Data Protection Regulation (GDPR), known around the world under the acronym GDPR, came into force exactly five years ago, on May 25, 2018.

“The General Data Protection Regulation (GDPR) protects individuals when their data is processed by the private sector. […] The GDPR sets a level playing field for all companies operating in the EU internal market. […] Companies located outside the EU must apply the same rules when providing services or goods to individuals or when observing the behavior of individuals within the EU,” we read, among other things, on the official website of the European Union in the section “General Regulation on the Protection data”. (GDP).

Using this regulation as a remedy, the European Union has in recent years imposed fines on companies (the most recent case of Meta) that were found to have failed to comply with the new rules, totaling more than 4 billion euros, according to Gzero. Eurasia Network website with a link to Privacy Affairs data.

Author: newsroom

Source: Kathimerini

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