GDPR’s Got Jokes: Fines Drop, But Personal Liability Looms Large in 2024!
In 2024, GDPR fines across Europe dropped to €1.2bn, marking a 33% decrease from 2023’s towering penalties. Despite the decline, enforcement remains robust, with big tech still in the spotlight. The Irish Data Protection Commission continues to lead, while DLA Piper notes a growing focus on personal liability.
Hot Take:
GDPR fines have taken a financial breather in 2024, but don’t be fooled! Regulators are still watching like hawks, and this year’s focus has shifted to putting the ‘personal’ in personal data—by hitting individuals where it hurts. Watch out, data handlers, your résumé might end up with a GDPR fine attached!
Key Points:
- GDPR fines in 2024 amounted to €1.2bn, a 33% decrease from 2023’s €2.9bn.
- The decrease is mainly due to the absence of a colossal €1.2bn fine against Meta from 2023.
- The Irish DPC remains the top enforcer, with a total of €3.5bn in fines since GDPR’s inception.
- Major fines in 2024 targeted big tech, with LinkedIn, Uber, and Meta leading the charge.
- There’s a growing trend towards personal liability for data breaches, with directors potentially facing consequences.
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