Overview
One of the most commonly spoken about regulations these days is GDPR regulation; their fees and the way to implement those requirements on existing systems and business processes of the SMB.
The GDPR includes revised provisions for failing to comply with data protection legislation, covering penalties and fines.
When you do not comply with GDPR regulations there are penalties that the company will face.
Penalties and Fines for the GDPR Breach:
The GDPR imposes a maximum fine for infringements of about €20 million (around £17.5 million) or 4 percent of global annual sales, whichever is greater.
Supervisory officials such as ICO (Information Commissioner’s Office) in the United Kingdom may take a variety of other acts including:
- Warnings and rebukes issued
- Imposing a permanent or temporary ban on data processing
- Order the data to be rectified, limited or erased
- Suspending transfers of data into other countries
The Maximum GDPR fines:
For especially severe violations, listed in Art. 83(5) GDPR the fine framework can be up to 20 million euros, or in the case of an undertaking, up to 4 % of their total global turnover of the preceding fiscal year, whichever is higher. But even the catalogue of less severe violations in Art. 83(4) GDPR sets forth fines of up to 10 million euros, or, in the case of an undertaking, up to 2% of its entire global turnover of the preceding fiscal year, whichever is higher.
GDPR Fines – Consequence:
A major GDPR fine for a company can be devastating, even to some of the biggest businesses in the world. In the case of a company that commits the most serious violations, the effect of a fine of up to 4% of annual sales, will hugely affect the business reports
Avoiding GDPR Fines and Penalties:
The GDPR provides a guideline in the way personal data are processed and controlled. That is reflected in the action taken by European regulators since the Regulation came into force.
The GDPR fines have been for breaches of Articles 5, 6, and 32.
Article 5 – Principles of data processing:
- Legally, fairly, and transparently handled.
- Picked up for unique legal purposes only.
- Suitable, relevant, and limited to what’s required.
- Accurate and kept up-to-date wherever appropriate.
- Stored only for as long as needed.
- Processed in a way that gives adequate protection.
Article 6 – Processing lawfulness:
- If the data subject has been consented.
- To fulfill contractual obligations.
- To meet legal obligations.
- To guard the vital interests of the data subject.
- For Public Interest Tasks.
- For the Organization’s legitimate interests.
Article 32 – processing security, allows data controllers and processors to take “reasonable technological and organizational steps” in order to protect the data subject.
With Kamanja, you will easily implement and maintain GDPR, starting with all the required systems for compliance with a step-by-step tool.
