• b3nsn0w@pricefield.org
    97·
    1 year ago

    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

    • foggy@lemmy.world
      13·
      1 year ago

      Fines that don’t even scale in lock step with inflation are walls today, but speed bumps tomorrow.

    • EarJava@lemmy.fmhy.ml
      8·
      1 year ago

      There 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.