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I do agree that there needs to be more personal accountability, although I think the bigger issue here should be people in the finance world. Some of the fines
by rkangel 5y ago
I do agree that there needs to be more personal accountability, although I think the bigger issue here should be people in the finance world. Some of the fines have been quite large and do serve as a deterrent. H&M was fined 35 million EUR, which is a sizeable number even for a firm their size.
- Ansil849 5y agoThe total amount of all GDPR fines ever (all 907 of them) is ~€1.5 billion [1]. Google's revenue for 2021 alone, was €230 billion [2]. Fines may deter small and medium-sized corporations, but not large ones. Therefore something else might. Like prison. [1] https://www.privacyaffairs.com/gdpr-fines/ https://www.privacyaffairs.com/gdpr-fines/ [2] https://www.statista.com/statistics/507742/alphabet-annual-global-revenue/ https://www.statista.com/statistics/507742/alphabet-annual-g...
- a_wild_dandan 5y agoHow about making fines commensurate with company revenue?
- Teever 5y agoThat and a wildly escalating pay scale for reoffenders.