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How is a fine of $100m USD calculated when there were no actual reported damages? I'm not sympathetic to Meta making security mistakes, more curious how the pu
by metadat 2y ago
How is a fine of $100m USD calculated when there were no actual reported damages?
I'm not sympathetic to Meta making security mistakes, more curious how the punishment was decided, in lieu of causing any problems.
I wonder if it was a poorly thought out request log line or what.
- rsynnott 2y agoIt’s a GDPR fine, so the max would be 4% global revenue, or a little over 5bn for Facebook. So, on the minor end of things, really, scaled for Facebook; Facebook has had much bigger GDPR fines. If there were damages, that’d be dealt with separately by the courts (EU countries don’t do punitive damages, mostly; this sort of regulator action is used for punishment instead).