Reinier advises national and international companies
reinier.russell@russell.nl +31 20 301 55 55In this newsletter Russell Advocaten will inform you, in short, about the most important changes to be expected in the European data protection regulations. More detailed information on this topic can be found in our previous newsletters.
The new Regulation will introduce extremely severe sanctions on (repeated) breaches of privacy of EU citizens. Currently, for instance, the Dutch Data Protection Agency (CBP) can impose a fine of a maximum of EUR 4,500. The new fines can be up to a maximum of EUR 100,000,000 or 5% of the global annual turnover, depending on which amount is higher.
The following businesses and organizations will have to appoint an independent data protection officer:
The main tasks of the data protection officer include monitoring of the general quality of the data protection policy of a company and controlling whether the data processing is in accordance with the laws and regulations.
If your business is affected by a data leak, you will have to report it within 24 hours and without delay to the competent Data Protection Agency and potential persons concerned. Violations of the notification requirement will be fined up to a maximum of EUR 1,000,000 or 2% of the global annual turnover of the business.
Consumers will be given the right that companies and institutions will take care to delete their data and prevent further spread of the data, if:
Would you like to know more about the new European Data Protection Regulation or do you have any other questions about how to organize your business with regard to the new European Data Protection Regulation? Please contact:
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Wednesday 25 September 2024, Reinier Russell will discuss cybersecurity and data protection in litigation at the European meeting of the World Litigation Forum in Barcelona.
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