The Regulatory Rationale for Integrating Data Management & Data Governance
The Regulatory Rationale for Integrating Data Management & Data Governance
12 PagesLearn More at sandhill.co.uk The Regulatory Rationale for Integrating Data Management & Data GovernanceTHE REGULATORY RATIONALE FOR INTEGRATING DATA MANAGEMENT AND DATA GOVERNANCE | 2 Any company that does business with EU citizens must comply with GDPR or face its potential wrath in terms of fines and public opinion. GDPR fines for violations are steep: up to 20 million euros ($23 million) or four percent of global annual turnover of the preceding fiscal year, whichever is greater. Companies like British Airways, Facebook and Google all are looking at potential fines, with Facebook facing up to a $1.6 billion penalty as a result of its data breach that allowed hackers to access the information of nearly 50 million users, three million of whom are based in Europe. While
