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GDPR is not supposed to kill companies but to make the respect the law and this fine is a warning shot. If H&M ignores GDPR again, the fine will be significantl
by foepys 6y ago
GDPR is not supposed to kill companies but to make the respect the law and this fine is a warning shot. If H&M ignores GDPR again, the fine will be significantly higher.
- a_imho 6y agoWhere is that stated? As a European I would very much expect GDPR to send home the companies who can't play according to the laws.
- colejohnson66 6y agoIf they fix themselves after the first fine, killing them would’ve been worse. That’s why it isn’t supposed to do that. For the repeat offenders, they can be fined up to 4% of the profit. If that 4% still doesn’t fix you up, you’ll be fined again and again until you either fix yourself or are killed. So it’s working as intended.
- black_puppydog 6y agoActually it could be 4% of the revenue IIRC. And that can definitely company-ending. Of course that should be an endgame.
- a_imho 6y agoGoogle recently introduced yet another opt-out nagbox. It shows up for example on search and youtube. Non compliant. Repeat offender. What should be the right course of action? As far as I'm aware GDPR was not supposed to be another Cookie Law, it is not working as intended.
- iso1210 6y agoHow would fining even _100%_ of their profits for this year kill the company? It'll annoy the shareholders who don't get dividends this year. Maybe they should take more notice in future. Note that this is 2% of profits, not revenue. Compare this to the average German citizen. It would be 2% of the amount they manage to save, not 2% of their income. That would be 2% of about €4500, or €90. [1] That's a parking fine level. [1] https://www.bundesbank.de/resource/blob/617492/cd59713c156ad135e0a84518cd5ed4b6/mL/2016-03-household-data.pdf https://www.bundesbank.de/resource/blob/617492/cd59713c156ad...