What are the potential fines under GDPR?
An example of an AI chatbot conversation about GDPR fines and their implications.
What are the potential fines under GDPR?
Under GDPR, fines can reach up to €20 million or 4% of a company's global annual revenue, whichever is higher.
What factors determine the amount of the fine?
Factors include the severity of the violation, the number of affected individuals, and whether the company took steps to mitigate the damage.
Can you give examples of companies that have been fined?
Yes, for instance, British Airways was fined £20 million for a data breach affecting 400,000 customers.
How can companies avoid these fines?
Companies can avoid fines by ensuring compliance with GDPR regulations, conducting regular audits, and training employees on data protection.
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