What are the penalties for non-compliance with the GDPR?

The General Data Protection Regulation (GDPR) is a privacy law that was enacted in 2018 to protect the personal data of EU citizens. Although North Carolina is not located in the EU, the GDPR has a global reach, meaning that companies based in North Carolina are required to comply. Penalties for non-compliance with the GDPR are serious and can be costly. Companies can be fined up to 4% of their global annual turnover or €20 million (whichever is greater) for failing to comply with the GDPR. Additionally, companies may be required to implement corrective measures to ensure their future compliance. In addition to these economic penalties, companies may also be subject to non-economic penalties. These include public censure, suspension or prohibition of certain processing activities, and/or the suspension of data transfers to countries with lower privacy standards. Ultimately, companies must take GDPR compliance seriously to avoid any potential penalties. Companies should work with a qualified legal advisor to develop a robust GDPR compliance plan that meets all of the GDPR’s requirements. However, companies must also ensure that their plans are updated to reflect any changes in the law. By doing so, companies can ensure that their activities are in line with the GDPR and avoid costly penalties.

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What are the penalties for non-compliance with the GDPR?

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