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by locust101
3110 days ago
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Basically companies like facebook and google have abused the data collection and public trust so bad that EU had to come up with these absurd fines just so those behemoths would pay attention. Also is there a reason why it is a maximum of x and 2% of revenue? Shouldn't 2% of revenue big enough for a company to be scared? |
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Nah, if it was 2% of our revenue, I'd be much more likely to take the gamble. I'd be willing to invest a little in our staffing & infrastructure to take that risk.
I want to do the right thing - but that multi-million-euro penalty means the risk/reward equation just doesn't make sense. We'd never bring in enough revenue to pay off the hit from one angry judge determined to make an example out of us.