Data Breach - Wildgen Solutions
In case of data breaches, companies and organisations could have to notify relevant authorities, in most cases within 72 hours. In certain situations of personal data, breaches will also have to be communicated to the individuals affected.
The national supervisory authority is allowed to impose an administrative fine. In each individual case, the fine will be fixed proportionally to the specific situation, with particular regard to the nature, gravity and duration of the breach. For a legal entity, the fine can be up to 4% of its annual worldwide turnover.
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