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Old Sep 7, 2018, 4:37 am
  #383  
dakaix
 
Join Date: Aug 2015
Location: Somewhere around Europe...
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Originally Posted by silonic
The fine can be 4% of annual revenue, capped at 20 million EUR.
This statement is incorrect. There are two tier's of penalty that can be applied under GDPR, dependent on the exact articles that have been breached:
  1. Up to €10 million, or 2% annual global turnover – whichever is higher.
  2. Up to €20 million, or 4% annual global turnover – whichever is higher.
Source: https://www.itgovernance.co.uk/dpa-and-gdpr-penalties
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