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ARTICLE · 30 MAY 2023

GDPR: Five Years On (Video)

For those impacted by the EU General Data Protection Regulation, known as the GDPR since its entry into operation across the bloc on 25 May 2018, it's quite something to think that the legislation...

European UnionPrivacy

For those impacted by the EU General Data Protection Regulation, known as the GDPR since its entry into operation across the bloc on 25 May 2018, it's quite something to think that the legislation has been with us for five years today.

So what has gone well and what has gone less well?

One of the main purposes of the legislation was to get the topic of data privacy on the agendas of boards – and this has worked well. The law has increased transparency, proportionality and fairness in the way companies treat personal data. In addition, although there was an initial fear that the GGPR might in practice be quite toothless because regulators were failing to use their power to impose significant fines on companies in breach, in the last couple of years, fines have been increasing. This should only help increase compliance further.

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