Technology companies come and go, but Bit by Bit backs its service with 30 years of experience helping businesses achieve their goals with reliable IT solutions and support. We were established in 1987 as a database application development and networking company, and since then we’ve evolved into a full-service IT firm and leader in delivering powerful and cost-effective technology solutions. visit our site at www.bitxbit.com
Tuesday, February 25, 2020
Data Privacy Fines Reach $126 Million
It’s been just over a year and a half since GDPR’s implementation, and the fines are starting to add up. According to the latest report, the expansive data privacy regulation has levied $126 million in penalties on companies throughout Europe. To some, the fines are relatively modest, a reminder that regulatory oversight can be slow to impact businesses’ bottom lines. However, others see the figure as an ominous reminder that data privacy failures won’t come without consequences.
At the same time, Europe isn’t the only place imposing financial penalties on companies that can’t protect customer data. California's Consumer Privacy Act and New York’s SHIELD Act both carry monetary penalties. In 2020, it’s clear that regulation is going to become more normative, not less, and businesses need to prepare. Contact ID Agent today to improve your defensive posture and avoid regulatory fines resulting from a breach.
Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5831
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