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First EU GDPR fines could arrive before the end of the year

(Image credit: Image source: Shutterstock/Wright Studio)

We can expect to see GDPR-related fines before the end of the year. This is according to EU's privacy regulator, Reuters (opens in new tab) reports. European Data Protection Supervisor Giovanni Buttarelli said that companies can not only expect fines, but also temporary bans, too.

“I expect first GDPR fines for some cases by the end of the year. Not necessarily fines but also decisions to admonish the controllers, to impose a preliminary ban, a temporary ban or to give them an ultimatum,” Buttarelli told Reuters in an interview.

“The fine is relevant for the company and important for the public opinion, for consumer trust. But from an administrative viewpoint, this is just one element of the global enforcement,” he added.

GDPR, or General Data Protection Regulation, is a relatively new regulation which came into force on May 25 this year. It regulates how businesses gather, store, share and secure personal information they have on EU citizens.

Fines for breaching GDPR can go up to €20 million, or 4 per cent global annual turnover, whichever sum is greater. After kicking in, the media were reporting on an increased number of complaints EU citizens filed to authorities, against various companies.

The New Year is just over two months away, so it won't be long before we know who the first 'victim' of GDPR will be.

Image source: Shutterstock/Wright Studio

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.