GDPR Fines Could Cost Firms Over $320 Billion

Fines of up to 4% of annual global turnover promised when the new law comes into force in May 2018.

By Phil Muncaster

Firms that sell consumer products are risking hundreds of billions in General Data Protection Regulation (GDPR) fines globally because of security and privacy failings, with UK organizations among the worst performing, according to Capgemini Consulting.

The global consultancy interviewed 300 managerial level executives in the consumer goods space with combined revenues of over $756 billion to compile its latest report, Consumer Insights: Finding and Guarding the Treasure Trove.

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