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Top 10 operational impacts of the GDPR: Part 10 - Consequences for GDPR Violations

CSR Thoughts...

The IAPP has released the last installment in a series of articles addressing the top 10 operational impacts of the GDPR.  This final installment examines what happens when companies violate these new regulations.  The hefty fines and penalties for infringement not only encourage accountability, they may be the single most eye-catching feature of the Regulation, causing multinationals and local companies to invest more in compliance.  

3/23/16

Source: 

IAPP

The new General Data Protection Regulation, put forth by the European Commission in 2012 and finally generally agreed upon by the European Parliament and Council in December 2015, is set to replace the Data Protection Directive 95/46/ec. Once the GDPR is formally adopted by the European Parliament and Council and printed in the Official Journal of the European Union sometime this spring, it will be directly applicable in each Member State and lead to a greater degree of data protection harmonization across EU nations.