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by JumpCrisscross
1837 days ago
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> initial fine is much, much lower and companies have so long to dabble in wilful ignorance Another diluent: the maximum fine is practically the lesser of 2% and the NPV of business in that European country, or, expansively, in Europe. If you have little business in Europe, it’s cheaper in some cases to simply close shop. |
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Companies are not doing much because enforcement is lacking, and in case you get caught, most fines are in the neighborhood of reasonable rather than instant liquidation.
[0] https://noyb.eu/en/irish-dpc-handles-9993-gdpr-complaints-wi...