EU countries hit with over €30 million in GDPR fines in Q1 2021
Data acquired by Finbold indicates that as of Q1 2021, EU countries were fined €33.61 million in GDPR fines for various violations. Spain was the hardest-hit country, with regulators imposing €15.7 million in fines from a total of 34 cases. Germany ranks second with fines amounting to €10.7 million from just three cases. Interestingly, the two countries accounted for 78.53% of the total fines.
Italy ranks third with fines amounting to €5.6 million with 20 violation cases, while the Netherlands is fourth with €440,000 from a single issue.
Norway ranks fifth with €382,750in fines from 12 cases. In the sixth spot, there is France with three cases that attracted €245,000 in fines. Czech Republic’s single case drew penalties amounting to €118,500.
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Belgium’s four cases led to €86,000 in penalties, followed by Poland at five cases with fines totaling €81,300. Finally, Cyprus caps the top ten most fined countries with four cases at €81,000.
High fines indicate European regulators commitment to hold organizations accountable
The report explains why the fines are significant, considering the GDPR law is still new. According to the research report:
“The significant amount of the GDPR fines highlights the increasing ability by European regulators to use their enforcement authority in implementing the law that came into use less than three years ago. The imposed high fines point to improved ability to detect instances of personal data violation. Also, the spotting of violation cases has been improved since the law grants more control to consumers who are the most affected.”
Elsewhere, January recorded the highest number of fines at €17.5 million. The figure dropped by a massive 90.28% in February to €1.7 million. However, the fines sharply rose to €14.29 million as of March.
We had a conversation in 2019 and you said "that is the reason the EU is unable to house certain global IT Companies" I never understood the gravity of those words but now I do!
I am not saying that they should not have strong regulatory laws, what I am saying is instead of companies having to spend so much resource- time, intellectual property, human- faces fines let them lax the laws OR at best from the information on FINBOARD which states that the majority cause for the fine is "Insufficient legal basis for processing data" the union should review it legal sharing policy..
