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We are getting there, thanks to the EU. The GDPR directive has teeth, and it /will/ affect all larger US companies as well. Fines of up to 4% of yearly revenue
by iSnow 8y ago
We are getting there, thanks to the EU. The GDPR directive has teeth, and it /will/ affect all larger US companies as well.
Fines of up to 4% of yearly revenue area no joke: https://www.forbes.com/sites/bernardmarr/2018/06/11/gdpr-the-biggest-data-breaches-and-the-shocking-fines-that-would-have-been/#6177891a6c10 https://www.forbes.com/sites/bernardmarr/2018/06/11/gdpr-the...
- nerdponx 8y agoHave there been any notable cases of actual enforcement GDPR enforcement yet?
- iSnow 8y agoOnly small fry. Knuddels, a German chat platform, was fined for a data breach and storing passwords unencrypted. But data protection institutions are warming up for taking Facebook to task: https://www.cnbc.com/2018/10/04/facebook-data-breach-top-eu-regulator-officially-opens-investigation.html https://www.cnbc.com/2018/10/04/facebook-data-breach-top-eu-... - the 1.6bn is way over the top since FB informed customers in time, but still this will be a lighthouse case.