Fines for violating the GDPR
The General Data Protection Regulation (GDPR) came into force in November 2018 to standardize the rules for processing personal data across the EU. Violations of the GDPR sometimes result in high fines. But even outside the EU there is a risk of fines if the applicable data protection laws are ignored. The Gisma University of Applied Sciences (www.gisma.de) has examined which companies worldwide have had to pay the highest fines and in which countries the most severe penalties have been imposed. Facebook and Meta lead the ranking with fines totaling 7,1 billion euros. In 2019 the…