Which penalty is imposed for privacy violations under the general data protection regulation (GDPR)?

The penalty for privacy violations under the General Data Protection Regulation (GDPR) can be quite severe, reflecting the regulation's emphasis on protecting personal data. The correct answer highlights that organizations may face a penalty of up to 20 million Euros or, in some cases, a percentage of their total worldwide annual revenue, whichever is higher. This substantial penalty serves as a strong deterrent against non-compliance, encouraging organizations to take the necessary steps to protect personal data and uphold the privacy rights of individuals.

The structure of these fines is significant as it shows the EU's commitment to enforcing data protection laws robustly. The GDPR also categorizes violations, leading to variable penalties based on the severity and nature of the infringement, thus making compliance a priority for businesses operating within or with the EU. The financial consequences for violations underscore the importance of adhering to data protection principles and fostering a culture of privacy within organizations.