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Companies fail to innovate in fear of GDPR fines, German trade organization says

( May 19, 2021, 10:47 GMT | Official Statement) -- MLex Summary: Companies in Germany are missing opportunities to innovate, or are delaying important digitalization projects, due to fear of data protection fines that threaten their existence, trade organization Bitkom has said on the occasion of the three-year anniversary of the EU's GDPR. Bitkom said that the GDPR has missed its most important goals: the Europe-wide harmonization of the legal framework and practice of data protection, and the coordination among 27 supervisory authorities at EU level on a uniform interpretation of it. Additionally, enforcement of the rules is working slowly in practice, Bitkom said.Statement follows in German....

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