Reports are in that European data protection regulators have imposed €114 million in fines under the GDPR (General Data Protection Regulation) regime. A further €329 million in fines have been threatened by the UK regulator. France, Germany, and Austria topped the rankings for the total value of GDPR fines imposed with just over €51 million, €24.5 million and €18 million respectively. The Netherlands, Germany and the UK topped the table for the number of data breaches notified to regulators with 40,647, 37,636 and 22,181 notifications each.
Effective from May 2018, GDPR has given rise to various privacy data startups in Europe which are aiming to capitalise on the growing demand for privacy tools and platforms.