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by caffeine5150
2976 days ago
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Agreed. GDPR replaces the current Directive and the various member state laws implementing it. GDPR's requirements are (making up a number) 80% or 90% already required by current laws. It's just that the fines were small. GDPR allows fines of up to 4% of annual revenue for the corporate group. So that's why it's getting so much attention. Large multinationals can't afford to ignore such a fine. The reality is probably that the enforcement authorities would only be able to hand out so many mult-million dollar fines (and fight the ensuing battle) at a time. We'll see what enforcement really looks like over time and that'll indicate how serious this is all taken. |
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I'm sure someone once said "This is why we can't have nice things".