Legal Impact of GDPR Data Policy Violations
Security Boulevard, Monday, September 9th, 2024
GDPR violations can result in severe consequences. In its first year, over 89,000 data breaches were reported, leading to fines totaling 56 million Euros. In 2019, the UK's Information Commissioner's Office (ICO) imposed record fines on British Airways (183 million Euros) and Marriott International (110 million Euros) for breaches affecting millions of customers.
Organizations that do not comply with GDPR face various sanctions and penalties. The most severe penalty includes fines of up to 20 million Euros or 4% of global annual revenue, whichever is higher. Additionally, organizations may face sanctions such as bans on data processing activities, orders to delete or correct data, and other restrictions.
The impact of GDPR violations can be significant, affecting both finances and operations. Organizations may face legal actions from individuals due to data mishandling, resulting in high legal fees and reputational damage. In this blog, we will explore the impact of the violation of GDPR policy.