Fines?

By | Thursday June 18th, 2015

Amendment 188, Proposal for a regulation, Article 79

“c) a fine up to 100 000 000 EUR or up to 5% of the annual worldwide turnover in case of an enterprise, whichever is higher.”

You have to read “100 million € or higher”. For Oracle, the company I work for, that would amount to 565 millions dollars, more than 500 millions euros. This amount has been increased by the European Parliament in March 2014 after the NSA scandal…

Category: Sanctions

About Alessandro Vallega

He is Security Business Development Director for Oracle EMEA. He has the responsibility to lead a cross functional team on the GDPR (General Data Protection Regulation, EU 679/2016) at EMEA level (marketing, legal, sales, training, technology). He founded and coordinates an external blog on the same topic (https://blog.europrivacy.org). He has defined a European methodology to evaluate the database security degree of a data center and the advantages of identity and access management technology. He founded in 2007 the Oracle Community for Security, and in that context led the creation of several publications about security and privacy in the cloud, with mobile, in the social media, in healthcare, on return on security investments, about the role of the CISO, and how to prevent frauds. He is an author of the Italian annual ICT Security Report by CLUSIT and he is part of the CLUSIT board of directors.

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