It’s estimated that in 2019 there were at least 7.9 billion records exposed through data breaches. The exposed data records included email addresses, phone numbers, credit numbers, even home addresses, as well as other sensitive data. Not only does this leave individuals open to fraud and identity theft, but it also leaves businesses open to significant fines, negative headlines and poor reputation.
Not even two years since it came into effect in May 2018, there have been 182 GDPR fines issued across Europe, with a combined total of over €104 million.
Headlines have focused on the big fines issued to big name companies such as Google, but it must not be forgotten that they have also been handed to smaller SMEs who have failed to protect their customers’ data and their rights under GDPR’s requirements.