Medical, banking and insurance are three industries that the European data privacy watchdogs are much more strict about because of the potential for damage.
I'd say the numbers listed here prove the GPs point of poor enforcement. The largest fine is roughly 0.97% of Meta's 2023 revenue, the equivalent of a $600 fine for somebody making 60k / year. It's a tiny-tiny cost of doing business at best, definitely not a deterrent, given Meta's blatant disregard for GDPR since then.
> the equivalent of a $600 fine for somebody making 60k / year
I don't know about you, but on that income I would certainly not brush off such a fine as a "cost of doing business". Would it cause me financial trouble, or would it force me to sacrifice other expenses? Absolutely not. But would I feel frustrated at having to pay it, feel stupid for my mistake, and do my best to avoid it in the future? Absolutely yes.
1% of Meta's global revenue is a tiny-tiny cost of doing business? At that point, I think I can stop even trying to argue here. It's a massive fine any way you put it. Especially when you consider the ceiling hasn't been reached and non compliance is more and more costly by design.
2775 fines for a total of €6.8B since July 2018. It's not A LOT (I would hope for A LOT MORE fines), but it's not nothing.
https://www.enforcementtracker.com/
It’s very interesting. Thanks for sharing.
But also kinda weird. There seems to be a lot of fines for hospitals for example.
Some Portuguese hospital was fined €400,000 for ‘Insufficient technical and organisational measures to ensure information security’
Medical, banking and insurance are three industries that the European data privacy watchdogs are much more strict about because of the potential for damage.
https://en.wikipedia.org/wiki/GDPR_fines_and_notices
Top 5 fines:
1 - Meta - Ireland - €1.2 billion
2 - Amazon Europe - Luxembourg - €746 millions
3 - WhatsApp - Ireland - €225 millions
4 - British Airway - UK - £183 millions
5 - Google - France - €60 millions
I wish every law barely got enforced this way.
pretty pathetic, but people keep insisting you can regulate capital
I'd say the numbers listed here prove the GPs point of poor enforcement. The largest fine is roughly 0.97% of Meta's 2023 revenue, the equivalent of a $600 fine for somebody making 60k / year. It's a tiny-tiny cost of doing business at best, definitely not a deterrent, given Meta's blatant disregard for GDPR since then.
> the equivalent of a $600 fine for somebody making 60k / year
I don't know about you, but on that income I would certainly not brush off such a fine as a "cost of doing business". Would it cause me financial trouble, or would it force me to sacrifice other expenses? Absolutely not. But would I feel frustrated at having to pay it, feel stupid for my mistake, and do my best to avoid it in the future? Absolutely yes.
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1% of Meta's global revenue is a tiny-tiny cost of doing business? At that point, I think I can stop even trying to argue here. It's a massive fine any way you put it. Especially when you consider the ceiling hasn't been reached and non compliance is more and more costly by design.
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