Fines

Fines are monetary penalties imposed on organizations for privacy and data breaches:

• Non-Compliance: Failure to comply with data protection laws leads to fines.
• Inadequate Security: Insufficient security measures resulting in a breach can lead to fines.
• Breach Severity: Fines may vary based on breach severity and the number of affected individuals.
• Reputation Damage: Regulatory bodies consider reputational damage when determining fines.