5 ms·

So who gets the money? The people who had there data stolen? Who gets the money are the people who create laws. The more crimes commited, the safer there jobs

by sbhn 7y ago

So who gets the money? The people who had there data stolen? Who gets the money are the people who create laws. The more crimes commited, the safer there jobs are. The people who had there data stolen, are now on a register sold to the insurance industry, and the insurance industry decides they are a greater risk to insure, so the costs to the consumer go up. Strange how crime really drives the economy.

dtf 7y ago
The Treasury. Fines are sent to the Consolidated Fund (the government's general account at the Bank of England).
- graphene 7y ago
  From the article: Where does the money go? The penalty is divided up between the other European data authorities, while the money that comes to the ICO goes directly to the Treasury. So it seems most of it will go to other European data authorities.
  - dtf 7y ago
    Ah thanks, I missed that. It usually all goes to HM Treasury but this is a joint operation between multiple EU supervisory authorities. "ICO has been investigating this case as lead supervisory authority on behalf of other EU Member State data protection authorities. It has also liaised with other regulators. Under the GDPR ‘one stop shop’ provisions the data protection authorities in the EU whose residents have been affected will also have the chance to comment on the ICO’s findings." https://ico.org.uk/about-the-ico/news-and-events/news-and-blogs/2019/07/ico-announces-intention-to-fine-british-airways/ https://ico.org.uk/about-the-ico/news-and-events/news-and-bl...
mirekrusin 7y ago
Yeah, people got "we're sorry" paragraph and that's about it. They won't get "we're sorry" paragraph when their bank accounts will get wiped though.
claudius 7y ago
> Who gets the money are the people who create laws. The more crimes commited, the safer there jobs are. Hu? Of course the jobs of people working at ICO etc are slightly safer if more criminal activity happens, but office workers at ICO do not get that money. It goes to the treasury and hence, by extension, the British public. > The people who had there data stolen, are now on a register sold to the insurance industry, and the insurance industry decides they are a greater risk to insure, so the costs to the consumer go up. Strange how crime really drives the economy. The fine punishing a criminal activity nearly nowhere goes to the actual victim of the crime, the victim is instead compensated in a second payment. Of course it would be nice if in addition to this fine, some kind of blanket compensation mechanism (e.g. 1000€ per datum per person) would be installed.

by sbhn 7y ago

dtf 7y ago

The Treasury. Fines are sent to the Consolidated Fund (the government's general account at the Bank of England).

graphene 7y ago
From the article: Where does the money go? The penalty is divided up between the other European data authorities, while the money that comes to the ICO goes directly to the Treasury. So it seems most of it will go to other European data authorities.
- dtf 7y ago
  Ah thanks, I missed that. It usually all goes to HM Treasury but this is a joint operation between multiple EU supervisory authorities. "ICO has been investigating this case as lead supervisory authority on behalf of other EU Member State data protection authorities. It has also liaised with other regulators. Under the GDPR ‘one stop shop’ provisions the data protection authorities in the EU whose residents have been affected will also have the chance to comment on the ICO’s findings." https://ico.org.uk/about-the-ico/news-and-events/news-and-blogs/2019/07/ico-announces-intention-to-fine-british-airways/ https://ico.org.uk/about-the-ico/news-and-events/news-and-bl...

mirekrusin 7y ago

Yeah, people got "we're sorry" paragraph and that's about it. They won't get "we're sorry" paragraph when their bank accounts will get wiped though.

claudius 7y ago

> Who gets the money are the people who create laws. The more crimes commited, the safer there jobs are. Hu? Of course the jobs of people working at ICO etc are slightly safer if more criminal activity happens, but office workers at ICO do not get that money. It goes to the treasury and hence, by extension, the British public. > The people who had there data stolen, are now on a register sold to the insurance industry, and the insurance industry decides they are a greater risk to insure, so the costs to the consumer go up. Strange how crime really drives the economy. The fine punishing a criminal activity nearly nowhere goes to the actual victim of the crime, the victim is instead compensated in a second payment. Of course it would be nice if in addition to this fine, some kind of blanket compensation mechanism (e.g. 1000€ per datum per person) would be installed.