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From the long long ago in the before times(lemmy.world)

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nothingcorporate@lemmy.world
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memes@lemmy.ml
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b3nsn0w@pricefield.org
99 points

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

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foggy@lemmy.world
14 points
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Fines that don’t even scale in lock step with inflation are walls today, but speed bumps tomorrow.

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EarJava@lemmy.fmhy.ml
9 points
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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.
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