4 ms·

The EU also does this with corporate fines, GDPR violations are up to the higher of 20 million euros and 4% of global turnover.

by mcintyre1994 1y ago

moi2388 1y ago
Up to. It should be minimum instead.
- Tade0 1y ago
  Scares them well enough and the "up to" won't kill a smaller business, provided the transgression wasn't too serious. I had trainings upon trainings about this, particularly because in my line of work I deal with medical data, which is categorised as sensitive.
  - moi2388 1y ago
    I don’t think it scares the big players enough; they still violate it. I’ve also had trainings about it.
    - tekknik 1y ago
      do you two understand how common training about sensitive data is?
  - account42 1y ago
    > Scares them well enough Not enough not, you still get almost all market participants trying to skirt the law instead of actually respecting it.
- newsclues 1y ago
  When you rob a bank, there isn't a minimum fine where you can walk away and still keep some of the banks stolen money. If we want to stop bad behaviour, there can be NO PROFIT from illegal actions. So if a company makes billions of dollars, through illegal actions, all of those billions of dollars need to be the fine, and the board and senior executives should also face personal fines, so they aren't also profiting.
  - moi2388 1y ago
    I completely agree
  - account42 1y ago
    It needs to be more than the company profits from the crime, otherwise the employees still benefit. Making the fine cover all revenue from the crime makes more sense. A bank robber doesn't get to claim that some of what they took should go to pay for their getaway car.
    - tekknik 1y ago
      why punish employees? punish the executives. most employees want to live their lives. punishing employees would mean a total stop to all economic activity. i get that you want to be the cool guy and one up the next for punishments but the path you’re on will only lead to your ideas being ignored
bko 1y ago
I don't think eu and the thing that gave us the cookie banner is a model of good governance.

The EU also does this with corporate fines, GDPR violations are up to the higher of 20 million euros and 4% of global turnover.

moi2388 1y ago

Up to. It should be minimum instead.

Tade0 1y ago
Scares them well enough and the "up to" won't kill a smaller business, provided the transgression wasn't too serious. I had trainings upon trainings about this, particularly because in my line of work I deal with medical data, which is categorised as sensitive.
- moi2388 1y ago
  I don’t think it scares the big players enough; they still violate it. I’ve also had trainings about it.
  - tekknik 1y ago
    do you two understand how common training about sensitive data is?
- account42 1y ago
  > Scares them well enough Not enough not, you still get almost all market participants trying to skirt the law instead of actually respecting it.
newsclues 1y ago
When you rob a bank, there isn't a minimum fine where you can walk away and still keep some of the banks stolen money. If we want to stop bad behaviour, there can be NO PROFIT from illegal actions. So if a company makes billions of dollars, through illegal actions, all of those billions of dollars need to be the fine, and the board and senior executives should also face personal fines, so they aren't also profiting.
- moi2388 1y ago
  I completely agree
- account42 1y ago
  It needs to be more than the company profits from the crime, otherwise the employees still benefit. Making the fine cover all revenue from the crime makes more sense. A bank robber doesn't get to claim that some of what they took should go to pay for their getaway car.
  - tekknik 1y ago
    why punish employees? punish the executives. most employees want to live their lives. punishing employees would mean a total stop to all economic activity. i get that you want to be the cool guy and one up the next for punishments but the path you’re on will only lead to your ideas being ignored

bko 1y ago

I don't think eu and the thing that gave us the cookie banner is a model of good governance.