Encryption May Lower Fines Under New EU Privacy Regime

New EU General Data Protection Regulation (GDPR) comes with high fines – up to 20 million Euros or 4% of company’s global annual revenue – whatever is higher. Though, companies can lower the risk of massive fines by encrypting personal data. Also, companies that encrypt personal data will also be exempt from the GDPR’s new mandatory data breach notification provisions.

Source: Encryption May Lower Fines Under New EU Privacy Regime

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