Record GDPR Fines in 2024 for Violating Companies

Tuesday, 21 May 2024, 10:20

A total of 2,083 fines have been issued under GDPR, culminating in penalties of €4.5 billion by April 2024. Violators are facing an average daily fine of €1.1 million, with Spain leading with 30 penalties. Despite EU regulators' efforts, large fines are still being imposed for data breaches dating back as far as 2018, indicating possible system deficiencies.

https://store.livarava.com/e906d45b-175b-11ef-a6c6-63e1980711b2.jpg — Record GDPR Fines in 2024 for Violating Companies

Record GDPR Fines in 2024

Since the introduction of the GDPR policy in 2018, a total of 2,083 fines have been issued, resulting in penalties amounting to €4.5 billion ($4.9 billion) by April 2024.

High Penalties

Violators are facing an average daily fine of €1.1 million ($1.2 million) in the first 120 days of 2024.
Spain leads with 30 of the 76 penalties issued in 2024.

Companies breaching GDPR provisions are paying record fines in 2024, underscoring the importance of data security and the vigorous enforcement efforts by European regulators.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.