Majority of GDPR penalties issued as a result of two main problems
So far, businesses across Europe have paid more than $620 million in fines under GDPR, with two thirds (65 percent) stemming from security and data storage issues. Research from Exonar shows 65% of fines were paid by EU businesses due to insufficient security or unsecured and over-retained data.
According to Exonar, 39 percent ($244 million) of GDPR-related fines were due to insufficient security, with affected companies including British Airways, Active Assurances and DSK Bank. Read the full article.