"The Biggest GDPR Fines of 2023"
1. Meta – €1.2 billion (Ireland)
2. Meta – €390 million (Ireland)
3. TikTok – €345 million (Ireland)
4. Criteo – €40 million (France)
5. TikTok – €14.5 million (UK)
6. Axpo Italia Spa – €10 million (Italy)
7. Tim S.p.A. – €7.6 million (Italy)
8. WhatsApp – €5.5 million (Ireland)
9. EOS Matrix – €5.5 million (Croatia)
10. Clearview AI – €5.2 million (France)
"GDPR fines are designed to make non-compliance around data security a costly mistake and they can be separated into two tiers. Less severe infringements can result in a fine of €10 million or 2% of a firm’s annual revenue from the preceding financial year, depending on which amount is higher. More serious violations can result in a fine of up to €20 million or 4% of a firm’s annual revenue from the preceding year, depending on what is higher."