this post was submitted on 13 Jul 2023
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From the long long ago in the before times (lemmy.world)
submitted 1 year ago by nothingcorporate@lemmy.world to c/memes@lemmy.ml
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[–] b3nsn0w@pricefield.org 98 points 1 year ago (2 children)

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 points 1 year ago* (last edited 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 points 1 year ago* (last edited 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.