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For companies as large as Facebook, it must be economical to "bet" a relatively small sum of money on the long shot that they win the case.
by dahfizz 6y ago
For companies as large as Facebook, it must be economical to "bet" a relatively small sum of money on the long shot that they win the case.
- matsemann 6y agoThat's what the GDPR tries to solve by not having a fixed amount for the fines, but allowing them to go upwards of 2% of revenue.
- Nextgrid 6y agoAnd this has yet to be enforced despite thousands of companies openly breaching it in bad faith.
- ben_w 6y agoI remember many people on Hacker News being appalled that it could go as high as 2% of global revenue, and that others here pointed out that 2% global revenue was merely the maximum, and that most fines — especially the initial ones or for relatively minor breaches — would be much lower.
- bmn__ 6y ago> this has yet to be enforced You are misinformed. https://www.enforcementtracker.com/ https://www.enforcementtracker.com/
- Nextgrid 6y agoThat link gets posted all the time and yet the web is still littered with non-compliant consent flows, so whatever fines there are, they aren’t enough.
- tyfon 6y agoFor severe breaches the maximum is actually €20 million or 4% of global revenue [1] whichever is higher. For smaller breaches it is 2%. [1] https://gdpr-info.eu/issues/fines-penalties/ https://gdpr-info.eu/issues/fines-penalties/
- reaperducer 6y agoallowing them to go upwards of 2% of revenue. When it's a minimum of 25% of revenue, the companies will take notice. Until then, it's just factored in like pencils and laptops and coffee: just another cost of doing business.
- deleted 6y ago[deleted]