Two years ago, Europe introduced the world’s toughest data privacy legislation, putting on notice the tech giants of the world who’d grown fat off your personal data. The General Data Protection Regulation, widely known as the GDPR, is a far-reaching law designed to uphold the right to privacy for Europe’s citizens. It promises to issue bigger fines for data protection violations than have ever been seen before: 20 million euros, or up to 4% of a company’s annual worldwide revenue from the preceding financial year, whichever’s greater.
Source: As the GDPR turns 2, Big Tech should watch out for big sanctions – CNET
