Ten years ago, UK organisations were staring down the barrel of the GDPR which was promising astronomical levels of sanctions for cyber security and data protection breaches. With regulatory fines of up to 4% of annual worldwide turnover or EUR20 million, organisations who failed to meet the requirements of the GDPR could face punishing levels of financial penalties in the event of non-compliance. For those industries with thin profit margins, the prospect of having to handover 4% of turnover for their breach of the GDPR, would mean an existential threat.
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