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UK GDPR Enforcement: ICO Average Fines Double to £146k; Cap Gone, Larger Firms at Risk; Insurability of Penalties Unclear

Published on: 06 November 2018

Published by a Law360 reporter
Legal News
Table of contents
  • Original news
  • What is this development about?
Article summary

Average fine for data breaches doubles to £146,000 in just a year

What is this development about?

Average penalties issued by the ICO have risen to £146,000 ($185,888), up from £73,000 in the equivalent 12‑month period, research from RPC indicates. The aggregate value of sanctions increased by 24% to £4.98m, compared with £4m a year earlier. Richard Breavington, a partner at the firm, said the regulator is showing more bite and a readiness to echo public sentiment, noting that the necessary mindset and authority are in place and that there has been a marked shift. The GDPR took effect in May 2018 and permits fines of €20m ($22.7m) or 4% of annual global turnover, whichever is greater. Before May 2018...

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