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I can't wait for GDPR. Then facebook/google/whatever can't process data from me without consent (which they do not have without an account).. "Under GDPR orga
by tyfon 9y ago
I can't wait for GDPR.
Then facebook/google/whatever can't process data from me without consent (which they do not have without an account)..
"Under GDPR organizations in breach of GDPR can be fined up to 4% of annual global turnover or €20 Million (whichever is greater). This is the maximum fine that can be imposed for the most serious infringements e.g._not having sufficient customer consent to process data_ or violating the core of Privacy by Design concepts."
http://www.eugdpr.org/the-regulation.html http://www.eugdpr.org/the-regulation.html
- majewsky 9y ago> can be fined up to 4% of annual global turnover I'm not overly familar with the English terms for all these economic stats, but I think "turnover" is "revenue", and that's $27.638E9 [1] according to Wikipedia. So the fine would be about $1.1E9. On the same Wikipedia page, I see that their net income is some $10.217E9. Is "net income" the same as "profit"? If so, does that mean that even this massive fine would only be 10% of their profit? If so, I can easily see "annual GDPR fine" becoming a standard bulletpoint in their earnings report, as long as Facebook thinks that the data collected is worth more than the fine. [1] 1E9 = 1 billion