Over 160,000 Companies Notify Regulators of GDPR Breaches
Overview
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.
Key Takeaways
- Action Required: Companies should ensure compliance with GDPR reporting requirements and enhance data protection measures.
- Timeline: Recently disclosed
Original Article Summary
DLA Piper finds 22% increase in breached firms notifying European GDPR regulators
Impact
Not specified
Exploitation Status
No active exploitation has been reported at this time. However, organizations should still apply patches promptly as proof-of-concept code may exist.
Timeline
Recently disclosed
Remediation
Companies should ensure compliance with GDPR reporting requirements and enhance data protection measures.
Additional Information
This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.
Related Topics: This incident relates to Data Breach.