Infosecurity Magazine
A recent report from DLA Piper shows that over 160,000 companies have reported breaches to European GDPR regulators, marking a 22% increase in notifications compared to previous years. This surge indicates that businesses are becoming more aware of their obligations under the GDPR and are taking steps to comply with reporting requirements. The increase in notifications could also reflect a rise in actual data breaches or a heightened awareness of data privacy issues. Companies that fail to report breaches risk facing significant fines, which can be as much as 4% of their annual global revenue. This trend is crucial because it emphasizes the ongoing challenges organizations face in protecting personal data and maintaining compliance with data protection laws.