GDPR Fines Totalled Over €1bn in 2021
News and information from the Advent IM team.
Last year saw a huge onus on the protection of data and privacy and this is reflected in the huge increase of GDPR fines, year-over year.
According to data presented by Atlas VPN, GDPR fines hit over €1 billion in 2021 – compared to €171 million in 2020.
A total of 412 penalties were issued last year, with companies like Amazon and WhatsApp paying the most significant penalties for violating GDPR laws.
Since 2018, when the EU implemented the GDPR law, there’s been steady increases each year in the total penalties issued, with a total of €436k in its inaugural year. In 2019, the sum of total fines increased significantly to €72 million.
Read via Digit