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Exclusive: EU Privacy Chief Expects First Round of Fines Under New Law by Year-End - Intellectual Property News

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Intellectual Property News


Posted on: Oct 24, 2018

From Reuters:

Regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end of the year, the bloc’s privacy chief said.

The European Union General Data Protection Regulation (GDPR), heralded as the biggest shake-up of data privacy laws in more than two decades, came into force on May 25.

The new rules, designed for the digital age, allow consumers to better control their personal data and give regulators the power to impose fines of up to 4 percent of global revenue or 20 million euros ($23 million), whichever is higher, for violations.

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