The GDPR was barely effective 24-hours when the lawsuits already began surfacing. Accusations against companies like Facebook, Google, Amazon, LinkedIn, and Apple, for “coercing” their users into sharing personal data. Google and Facebook immediately fought the lawsuit, insisting they’ve already put months of effort into complying with the GDPR regulations. They argued the measures they went to were enough to satisfy GDPR standards.

A report from Dealerscope showed Facebook is up against lawsuits for about $4.5 billion in damages, and Google for around $4.3 billion. Because of the major fines companies are facing, many organizations have actually opted to halt any interactions with those in the EU. This results in the loss of thousands or even millions of users. But is it really worth it? By limiting their reach, these companies are setting themselves up for stagnant growth.

Set your organization up to think globally now. Contact us for assistance maintaining GDPR compliance in your business. Visit our website to find out more.

Articles You Might Find Interesting:

Are you Ready for the GDPR to Go into Effect? 
5 Things Every CEO Should Know About the GDPR
Blockchain Technology: Explained-Video
Texting in Healthcare-Video