What Are GDPR Penalties?

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Have you noticed the increasingly-complex cookie disclosure forms popping up on even the most unassuming website? These expanded forms aren’t present because digital businesses have suddenly decided informing customers about their data collection practices is an ethical imperative. Instead, these companies are most likely working with customers in both the U.S. and the EU, and they find themselves facing significant backlash if they aren’t following strict transparency rules. 

These GDPR rules define potentially devastating penalties for unassuming companies, and these penalties can come for the most unexpected reasons–if you don’t know the rules. 

 

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What Are Data Protection Impact Assessments in GDPR?

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The General Data Protection Regulation (GDPR) has fundamentally changed how organizations do business in the European Union. It isn’t enough to undergo audits or meet arbitrary security requirements. Like many high-stakes security contexts, GDPR requires a company to dedicate significant time to maintaining data privacy, cybersecurity and consumer rights. 

To help address high-risk data processing situations, GDPR may require your business to complete a Data Protection Impact Assessment or a DPIA. For many companies, these are not optional so we will cover the details in this article. 

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What is GDPR and How Does it Impact Business?

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Data privacy and protection are critical parts of any compliance framework, and few regulatory bodies take that fact more seriously than the General Data Protection Regulation, or GDPR. A law passed in the European Union in 2018, GDPR attempts to address core issues of how businesses can gather, use and manage customer data as part of their business operations without violating the rights of those customers. 

While some businesses in the U.S. may not see much value in understanding GDPR, those serving EU customers are wise to better grasp the intricacies of the law and how it will impact their work in Europe. 

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