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GDPR in the EU grants authorities ability to fine businesses €20 million or 4% of global revenue, whichever is greatest, when they have a data breach where negl
by hvidgaard 9y ago
GDPR in the EU grants authorities ability to fine businesses €20 million or 4% of global revenue, whichever is greatest, when they have a data breach where neglect played a role. I imagine that a fine of similar proportion will have some effect on other companies to not do it. The risk is too great.
- lostlogin 9y agoWeird that big business then faces a relatively softer punishment.
- contravariant 9y agoWell this is the maximum punishment, the fine doesn't have to reach those limits if the company can't pay it anyway. In practice I suspect that small businesses either fly under the radar or are given some degree of leniency.
- kodablah 9y ago> I suspect that small businesses either fly under the radar Off topic, but this is what I dislike about the GPDR, the subjective enforcement. Do I as an SMB stop selling to EU because I can't afford the potential fine (risk management of course, never would intentionally violate)? Or do I trust arbitrary selective enforcement?
- hvidgaard 9y agoUnless you explicitly deal with sensitive information, you shouldn't worry.