nothingcorporate@lemmy.world to Memes@lemmy.ml · 3 years agoFrom the long long ago in the before timeslemmy.worldimagemessage-square36linkfedilinkarrow-up1203arrow-down13
arrow-up1200arrow-down1imageFrom the long long ago in the before timeslemmy.worldnothingcorporate@lemmy.world to Memes@lemmy.ml · 3 years agomessage-square36linkfedilink
minus-squareb3nsn0w@pricefield.orglinkfedilinkarrow-up19·3 years agomeanwhile, the eu: well we can’t jail a company, so fuck you, if you break the gdpr you’re liable for 4% of your yearly revenue (not profit, that can be cheated) fines do work but only if they’re relative to how much you make
minus-squareEarJava@lemmy.fmhy.mllinkfedilinkarrow-up8·3 years agoThere are two tiers of administrative fines that can be levied as penalties for non-compliance: Up to €10 million, or 2% annual global turnover – whichever is higher. Up to €20 million, or 4% annual global turnover – whichever is higher.
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up5·3 years agoFines that don’t even scale in lock step with inflation are walls today, but speed bumps tomorrow.
meanwhile, the eu: well we can’t jail a company, so fuck you, if you break the gdpr you’re liable for 4% of your yearly revenue (not profit, that can be cheated)
fines do work but only if they’re relative to how much you make
There are two tiers of administrative fines that can be levied as penalties for non-compliance:
Fines that don’t even scale in lock step with inflation are walls today, but speed bumps tomorrow.