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GDPR: What Impact Has It Really Made During Its First Year?

It has been one year since the enactment of the General Data Protection Regulation (GDPR) and European Union (EU) officials believe that the GDPR has raised awareness and helped the public understand their data privacy rights. In fact, EU stats show that Data Protection Authorities logged more than 95,000 complaints since May 2018. Even so, there is believed to be about 50% of organizations that still are not compliant with the regulation. One reason could be the cost that comes with compliance, with up to 40 percent of companies paying up to $10 million in costs. This seems like small change in comparison to the major fines for non-compliance, with Google facing a $57 million fine. It is expected that states throughout the U.S. will continue to consider similar laws.

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Post By Ken Shafton (806 Posts)