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> They can't, and they'll learn it the hard way. I doubt it. The fines will be completely irrelevant, and they won't even need to notify more than 1% of their
by bionoid 8y ago
> They can't, and they'll learn it the hard way.
I doubt it. The fines will be completely irrelevant, and they won't even need to notify more than 1% of their lawyers and lobbyists to ensure they can keep it up for the next decade.
- laurentl 8y agoGDPR fines can be up to 4% of a company’s turnover (at group level too, not just the turnover of the local subsidiary). Whether the courts will actually use the maximum fine remains to be seen, but on paper it’s enough to give you pause - 4% of revenues is a large chunk of money for anyone. I work for a large EU company and this possibility is taken very seriously.
- bionoid 8y agoAll I'm saying is I don't think the result will be a real improvement to privacy or data safety. I think it'll be some adjustments on paper, then business as usual.