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

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 25 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

[–] [email protected] 9 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.

[–] [email protected] 9 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.