Report predicts banks to get €4.7bn fines in first 3 years under GDPR

A new report is “conservatively” forecasting that European finance organisations are about to shell out  €4.7 billion in first three years after the GDPR comes into power thanks to data breaches which they don’t currently have to declare.

Read about the new report by AllClear ID which reveals that financial institutions may face €4.7bn fines in first 3 years under the upcoming GDPR regime in European Union on SC Magazine.

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