Tuesday 18 April 2017
The European Union is watching you
Head of Ronan Daly Jermyn's Cyber and Data Protection Group, Bryan McCarthy spoke with European Business Magazine about the profound effect GDPR will have – including the potential for multi-million euro fines – on the way organisations manage personal data.
"What’s really catching the headlines is the new top-end fine. To give an example, the higher-tier provision will result in a maximum fine of up to 4% of a company’s preceding year’s global, worldwide turnover or €20 million, whichever is greater. Compare that to the existing law where the maximum penalty applicable to most companies is €100,000."