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... and be punished with yet another 11.278 € fine, as if that would change anything.
by miroljub 4y ago
... and be punished with yet another 11.278 € fine, as if that would change anything.
- gattilorenz 4y ago“GDPR sets forth fines of up to 10 million euros, or, in the case of an undertaking, up to 2% of its entire global turnover of the preceding fiscal year, whichever is higher” Generally speaking, GDPR violations won’t be addressed with a slap on the wrist, apparently
- retSava 4y agoI think it's about time they went into action with that then.
- miroljub 4y ago> Generally speaking, GDPR violations won’t be addressed with a slap on the wrist, apparently So, when they plan to actually start fining? > "2% of its entire global turnover of the preceding fiscal year" I'd like to see this fine in the case of Meta and Google, but we both know it'll never happen.
- phoronixrly 4y agoWhat do you mean when? Check 'Highest fines: individual' here https://www.enforcementtracker.com/?insights https://www.enforcementtracker.com/?insights
- mpweiher 4y agoClose, but that 2% is actually half of the maximum: "The less severe infringements could result in a fine of up to €10 million, or 2% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher." "The more serious infringements go against the very principles of the right to privacy and the right to be forgotten that are at the heart of the GDPR. These types of infringements could result in a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher." https://gdpr.eu/fines/ https://gdpr.eu/fines/
- Kbelicius 4y agoMeta was fined more than a billion Euros in the last 2 years.... you are talking nonsense.
- Nextgrid 4y agoIt doesn't matter how big the fine is if the profit from the fine-yielding behavior is greater than the fine itself.
- mpweiher 4y ago4% of global revenue...
- Nextgrid 4y agoOnly if it gets applied. And even then it seems to be only based on a year’s worth of revenue, so it may still be a good deal if you can break the regulation for multiple years and only get fined on the basis of a single year, as Facebook has done.