GDPR - Fines up to 20 Million Euros or 4% of Global Revenue
- Privacy Law In Canada
- Oct 2, 2024
- 1 min read
If you process the personal data of EU citizens or residents, or you offer goods or services to such people, then the GDPR applies to you even if you’re not in the EU. “Processing” is a broad term that covers just about anything you can do with data: collection, storage, transmission, analysis, etc.
Personal data is any information that relates to an individual who can be directly or indirectly identified. Names and email addresses are obviously personal data. Location information, ethnicity, gender, biometric data, religious beliefs, web cookies, and political opinions can also be personal data.
If your company fails to comply with the GDPR, the fines are significant, and they are not afraid to use them. On Jan. 17, 2020, the Italian Supervisory Authority (ISA) announced it had imposed two separate fines of €8.5 million and €3 million on Eni Gas e Luce (EGL), an Italian electricity and gas supplier. These fines were in response to two distinct GDPR violations.
Text of the GDPR: https://gdpr.eu/tag/gdpr/