The far-reaching scope of the European Union’s (EU) GDPR means that organizations must generally adapt their data collection and processing practices if they wish to process the personal data of individuals in EU member states. Stay up to date on U.S. and international privacy and data security laws with trusted news, expert analysis, Practical Guidance, and time-saving practice tools – all part of Bloomberg Law’s comprehensive research solution.
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What happens if you violate GDPR requirements?
Penalties for noncompliance with the GDPR are imposed by EU data protection authorities. If a business infringes on multiple provisions of the GDPR, it will be fined according to the most serious offense, as opposed to being penalized for each provision.
Businesses that violate the law can be fined up to €20 million, or 4% of their worldwide annual revenue for the prior financial year, whichever is higher. Member state data protection authorities also can issue sanctions, such as bans on data processing or public reprimands. The public sector isn’t exempt.
Track the latest GDPR developments with Bloomberg Law
The changing landscape of consumer data privacy laws and regulations across the globe can make it difficult to stay compliant across multiple jurisdictions. Save valuable time when you trust Bloomberg Law solutions to tackle complex legal research and manage compliance risks with ease.
Want to learn more? Watch the on-demand replay of our latest In-House Forum for insights from industry experts on how to successfully manage data and privacy and find the right balance between board oversight and keeping up with evolving requirements.
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