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mcintyre1994 2 days ago

The EU also does this with corporate fines, GDPR violations are up to the higher of 20 million euros and 4% of global turnover.

moi2388 2 days ago | parent | next [-]

Up to. It should be minimum instead.

newsclues 2 days ago | parent | next [-]

When you rob a bank, there isn't a minimum fine where you can walk away and still keep some of the banks stolen money.

If we want to stop bad behaviour, there can be NO PROFIT from illegal actions.

So if a company makes billions of dollars, through illegal actions, all of those billions of dollars need to be the fine, and the board and senior executives should also face personal fines, so they aren't also profiting.

account42 a day ago | parent | next [-]

It needs to be more than the company profits from the crime, otherwise the employees still benefit.

Making the fine cover all revenue from the crime makes more sense. A bank robber doesn't get to claim that some of what they took should go to pay for their getaway car.

tekknik 14 hours ago | parent [-]

why punish employees? punish the executives. most employees want to live their lives. punishing employees would mean a total stop to all economic activity. i get that you want to be the cool guy and one up the next for punishments but the path you’re on will only lead to your ideas being ignored

moi2388 2 days ago | parent | prev [-]

I completely agree

Tade0 2 days ago | parent | prev [-]

Scares them well enough and the "up to" won't kill a smaller business, provided the transgression wasn't too serious.

I had trainings upon trainings about this, particularly because in my line of work I deal with medical data, which is categorised as sensitive.

moi2388 2 days ago | parent | next [-]

I don’t think it scares the big players enough; they still violate it. I’ve also had trainings about it.

tekknik 14 hours ago | parent [-]

do you two understand how common training about sensitive data is?

account42 2 days ago | parent | prev [-]

> Scares them well enough

Not enough not, you still get almost all market participants trying to skirt the law instead of actually respecting it.

bko 2 days ago | parent | prev [-]

I don't think eu and the thing that gave us the cookie banner is a model of good governance.