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£500,000 or £1 Billion? It's Just a Matter of Timing

The recent £500,000 fine for Facebook regarding the transfer of data to Cambridge Analytica was widely criticised as being inadequate (Facebook makes roughly £3.5 million per hour) but it should not be forgotten that the fine was the maximum allowable under the 'old' data protection regime.

Since the commencement of the General Data Protection Regulation (GDPR) in May, the maximum fine which can be levied in such cases is 4 per cent of worldwide turnover, which would have led to a fine of more than £1 billion.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.