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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

Data protection boss vows she will use new powers to fine firms up to €20m

In the interview Irish Data Protection Commissioner Helen Dixon reveals intention to use powers given by new EU General Data Protection Regulation (GDPR) to issue fines of up to €20 million or 4% of a company’s annual turnover.

Source: Data protection boss vows she will use new powers to fine firms up to €20m

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