HomeVulnerabilityGDPR fines hit €1.2 billion in 2024 on 8.3% extra breach studies

GDPR fines hit €1.2 billion in 2024 on 8.3% extra breach studies

The variety of data breach notifications elevated in 2024 to a median of 363 per day, versus 335 per day the yr prior, a rise of 8.3%. 

As earlier than, it’s the massive tech firms and social media giants which can be those which have been primarily hit by fines. The biggest fines in 2024 had been issued by the Irish GDPR regulator and focused LinkedIn (€310 million) and Meta (€251 million). 

“It’s clear that GDPR oversight continues to evolve and adapt. We’re seeing elevated oversight in sectors past massive know-how and social media firms. For instance, a deal with governance and oversight has led the Dutch Data Safety Authority to analyze whether or not people within the administration staff of Clearview AI may be held personally chargeable for GDPR violations, following a high-quality of €30.5 million towards the corporate,” mentioned Gustav Lundin, associate at DLA Piper in Sweden.

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