The only companies worth fining are rich as F, unless you plan to take 10% of market cap they won't care. The other companies will just go bankrupt, which might be desirable.
GDPR fines were meant to rock the data privacy world
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Re: GDPR fines were meant to rock the data privacy world
#12GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
The article you're commenting on mentions reasonably large firms being held accountable. What's your basis for the "smallest and weakest" claims?
Re: GDPR fines were meant to rock the data privacy world
#13GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
The article you're commenting on mentions reasonably large firms being held accountable. What's your basis for the "smallest and weakest" claims?
Fines for larger companies are either too small to matter or will be negotiated down.
Larger companies also have a much easier time gaining consent (like Google and Facebook) that clears their usage while smaller companies struggle. This can be seen by the constant consent popups on every website. Users click yes on the major sites, then deny the rest.
Re: GDPR fines were meant to rock the data privacy world
#14GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
The article you're commenting on mentions reasonably large firms being held accountable. What's your basis for the "smallest and weakest" claims?
The GPDR is a large compliance burden. The bigger your company is the less this hurts you because it’s very approximately a fixed cost. So the GPDR kneecaps small companies while being a painful but bearable expense for large ones. On net it helps the internet giants by reducing competition.
Re: GDPR fines were meant to rock the data privacy world
#15Earlier quoted context omitted.
The article you're commenting on mentions reasonably large firms being held accountable. What's your basis for the "smallest and weakest" claims?
The GPDR is a large compliance burden. The bigger your company is the less this hurts you because it’s very approximately a fixed cost. So the GPDR kneecaps small companies while being a painful but bearable expense for large ones. On net it helps the internet giants by reducing competition.
This is no different than anything else. All sorts of unethical and exploitative arrangements are helpful for small firms’ bottom line, but easier to handle properly with larger scale.
Dumping toxic byproducts in the river. Forcing employees to work unpaid overtime. Keeping fraudulent books and evading taxes. Selling illegally dangerous products. Not following local building codes. Facilitating third-party fraud or money laundering...
Being a small business should not be license to do whatever you want, irrespective of the harm to customers, business partners, or others in the society.
In the case of data protection specifically, companies (perhaps especially small companies) are very cavalier with all sorts of data including personally identifiable information, financial information, communications, ...., and this causes serious harms when that data is misused directly or stolen by/leaked to/sold to someone who misuses it.
If a company cannot afford to stay in business while treating data carefully, then perhaps they should not be in business.
Re: GDPR fines were meant to rock the data privacy world
#16GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
That’s not true. Google, BA, Marriott and other big companies have got huge fines.
http://www.enforcementtracker.com/
Re: GDPR fines were meant to rock the data privacy world
#17GDPR as applied is a joke. At one of the places I work they keep talking about "we can't backup this data anymore because it has personal info".
Re: GDPR fines were meant to rock the data privacy world
#18GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
That’s not true. Google, BA, Marriott and other big companies have got huge fines. http://www.enforcementtracker.com/
They paid the fines, but and what changed?
Are users any better off now because those companies got fined? Did those companies stop collecting user data? Has online privacy improved because of those fines? Nope!
Re: GDPR fines were meant to rock the data privacy world
#19GDPR: A well-intentioned EU measure that unfortunately hurts the smallest and weakest and fails to have an impact on the big ones that it should target. Noble in thought, weak in action
That’s not true. Google, BA, Marriott and other big companies have got huge fines. http://www.enforcementtracker.com/
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Re: GDPR fines were meant to rock the data privacy world
#20Earlier quoted context omitted.
The GPDR is a large compliance burden. The bigger your company is the less this hurts you because it’s very approximately a fixed cost. So the GPDR kneecaps small companies while being a painful but bearable expense for large ones. On net it helps the internet giants by reducing competition.
This is no different than anything else. All sorts of unethical and exploitative arrangements are helpful for small firms’ bottom line, but easier to handle properly with larger scale. Dumping toxic byproducts in the river. Forcing employees to work unpaid overtime. Keeping fraudulent books and evading taxes. Selling illegally dangerous products. Not following local building codes. Facilitating third-party fraud or m…
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