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Data breaches have resulted in £97 million in fines for EU companies

There have been more than 160k data breaches across the 28 European Union Member States (as well as Norway, Iceland, and Liechtenstein). The highest value in monetary fines were imposed on France (£43m), Germany (£24.5m) and Austria (£18m). Countries amassing the most breaches were Netherlands (40,647) Germany (37636) and UK (22,181). Fines imposed on UK companies totalled £275,000.

Infringements on data have been wide-ranging – The French GDPR regulator fined Google €50 million for lack of valid consent, rather than a specific data breach. In July 2109 the UK’s Information Commissioner's Office confirmed two notices of intent to impose fines which will total over £282 million although, at this stage, no further details have been disclosed.

The report concludes that the figure of £97 million is ‘relatively low’ compared to the potential maximum fines that can be imposed, indicating that regulators are still being fairly lenient as firms adjust to the new rules but it’s a clear warning that companies need to improve compliance with regard to data as regulators will ramp up enforcement activity in 2020.

A data audit report from identeco is one of the easiest ways to understand and improve your data, making it compliant to GDPR. Subscribers to our Business Support Toolkit can upload their data for screening against GDPR, Telephone Preference Service (TPS), Mail Preference Service (MPS) and Corporate Telephone Service (CTPS) as well as mortality screening, duplicate entries, live telephone matching, and address verification.

A subscription to identeco's Business Support Toolkit is only £79.95 per year. For more information on all the services that subscribers have unlimited access to click here or email today.

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