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The maximum GDPR fine is 4% of previous years revenue, or in the case of google $3Bn.
by Traster 5y ago
The maximum GDPR fine is 4% of previous years revenue, or in the case of google $3Bn.
- Nextgrid 5y agoThis has never been applied and will never be - GDPR enforcement is a joke. The combined amount of fines across all companies over the GDPR's entire 4-year lifespan is just 1Bn.
- simpss 5y agothere's a transition period. We can't start enforcement with the maximum available penalties. If the lower don't suffice, we will get closer & closer to the maximum.
- Nextgrid 5y agoThe transition period is getting a bit long now and companies are still making billions on violating the GDPR.
- danuker 5y agoThe maximum is 4% or €20M whichever is HIGHER. So, for a one-person startup, €20M means game over. https://danuker.go.ro/gdpranoia.html#fines https://danuker.go.ro/gdpranoia.html#fines
- josefx 5y agoI wouldn't be surprised if that "or" clause was added specifically to kill one person post box companies that only exist to carry the risk. Big Tech is very good at throwing empty shell companies at problems that involve paying money, like taxes.