GDPR Fines – How Do They Differ From The DPA?
If you are researching the GDPR, probably high on your list is understanding what are the fines under the GDPR and how have they changed from the DPA?
DPA – Currently, the Information Commissioner’s Office (ICO) can issue fines for non-compliance of up to £500,000 or 1% of annual turnover
GDPR – The potential penalties for non-compliance are much more severe with fines of up to €20 million or 4% of the businesses annual global turnover. Even minor infringements will result in fines of €10m, or 2% annual global turnover. GDPR fines are clearly significantly higher than those under the DPA.
If you are unsure if your paperwork is fully compliant, our latest guide on How The GDPR Affects Your Paper Documents can help.