X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Data showing a person The European Union’s General Data Protection Regulation (GDPR) takes effect in May, but many companies outside Europe have only recently awakened to the fact that GDPR affects them. (Image: Shutterstock)

With revelations that the political advertising company Cambridge Analytica mined millions of Facebook accounts without users’ consent, Facebook Inc. may be subject to a British investigation that could lead to fines as high as £500,000 ($700,000). While the company also faces potential U.S. sanctions, in Europe the timing works out in Facebook’s favor: If the scandal had happened two months from now, it might have been covered by a new European law that allows penalties as high as 4 percent of a company’s global revenue, or in Facebook’s case, more than $1.5 billion.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.