Under the General Data Protection Regulations, what is the maximum fine for a blatant breach?

Study for the BAFT Certificate in Principles of Payments Test. Utilize flashcards and multiple-choice questions, with hints and explanations for each query. Prepare thoroughly for your exam!

The correct answer is 4% of annual turnover. Under the General Data Protection Regulation (GDPR), organizations can face significant penalties for non-compliance. The regulation specifies two tiers of fines, with the more severe penalties being a maximum of 4% of global annual turnover or €20 million, whichever is higher. This is aimed at ensuring that businesses take data protection seriously by imposing substantial financial consequences for blatant breaches.

In comparison, the other options mentioned represent lower percentages or amounts that do not align with the GDPR's pre-established fine structure for serious violations. This tiered approach is designed to hold organizations accountable relative to their size and revenue, encouraging adherence to data protection principles without being overly punitive for lesser violations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy