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April 20 2017

CPE Credit(s): 1

The European Union GDPR has set in place fines of up to 4 percent of revenue of €20M, whichever is higher, for breach of compliance requirements relating to international data transfer, and 2 percent of revenue or €10M, whichever is higher, for the less serious breaches. To put it in perspective, this is a significant increase from the current £500K limit of fine in United Kingdom. The scope of the regulation includes not only the data controllers but also the data processors.

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