According to research from DLA Piper, between January 26, 2020, and January 27, 2021:
GDPR fines rose by nearly 40%
Penalties under the GDPR totaled €158.5 million ($191.5 million)
Data protection authorities recorded 121,165 data breach notifications (19% more than the previous 12-month period)
The UK’s Data Protection Authority, the Information Commissioner’s Office (ICO), recently published data covering July 1, 2020, to October 31, 2020. The ICO’s data shows:
-The ICO received 2,594 data breach notifications.
-The most common cybersecurity incident was phishing.
-As usual, the most common cause of data breaches was misdirected email.
-€150,000 GDPR FINE FOR WRONGLY USING “CONSENT” AS A BASIS FOR PROCESSING PERSONAL DATA OF STAFF
Biggest fines from 2020/2021
1.Google – €50 million ($56.6 million)
2. H&M — €35 million
3. TIM – €27.8 million ($31.5 million)
4. British Airways – €22 million ($26 million)
5. Marriott – €20.4 million ($23.8 million)
In the article tomorrow, find out how to avoid this fines, that could be a huge problem for your company.