Friday, April 3, 2020

3 GDPR-Covered Countries Experience 100,000 Breaches

It’s been nearly two years since GDPR changed the data privacy landscape by bringing regulatory oversight to the digital Wild West. According to the latest reports, more than 160,000 data breaches have been reported in that span. Incredibly three countries account for 100,00 breaches – The Netherlands, Germany, and the United Kingdom.
These numbers reflect both the undeniable value of stealing sensitive personal data and the difficulty that many organizations experience when trying to protect that information. As a result, GDPR fines are becoming increasingly common for companies under the regulations’ purview. The ten most significant GDPR breaches have resulted in hefty financial penalties totaling an eye-popping sum of nearly $500 million.
Europe isn’t the only country implementing regulatory standards for data security. In the US, California’s Consumer Privacy Act and New York’s SHIELD Act both reinforce and extend GDPR’s expectations. At ID Agent, our comprehensive Compliance Manager is ready to help your organization achieve, maintain, and document compliance.

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