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The maximum penalty for violating the GDPR is 4% of worldwide turnover. Possibly stupid question: I keep hearing that this is considered a "high" penalty, but i
by ghughes 9y ago
The maximum penalty for violating the GDPR is 4% of worldwide turnover. Possibly stupid question: I keep hearing that this is considered a "high" penalty, but if you're Google or Facebook and this (or any) regulation substantially threatens your bottom line to the tune of more than 4%, wouldn't you just eat it like a tax?
- Veratyr 9y agoThe maximum current penalty is 4% of worldwide turnover. I imagine that if it becomes clear that isn't enough to force compliance, legislation can be passed to raise the penalty.