Owch. 1.2 billion Euros is a lot. Not enough though, it's only a few percent of their annual profit. Fines for big companies need to be so much bigger otherwise they're too easy to just write off...
Ireland’s Data Protection Commission, which oversees the General Data Protection Regulation, on Monday handed down the fine for Meta, saying that Facebook had violated its rules requiring platforms to ensure data transfers from Europe to the US have appropriate safeguards in place.
Instead, the DPC found that the platform’s EU-US data flows had relied on contractual clauses that “did not address the risks to the fundamental rights and freedoms” of users, despite an earlier judgment from the EU’s Court of Justice mandating that it better protect individuals’ information from invasive US surveillance programmes.
Owch. 1.2 billion Euros is a lot. Not enough though, it's only a few percent of their annual profit. Fines for big companies need to be so much bigger otherwise they're too easy to just write off as a business expense.
mini rant: So what. I've been in this space since the beginning of GDPR and it's been nothing but a shitshow. Fines gets higher. Schrem continues his moral crusade. And SMBs gets caught in the...
mini rant:
So what. I've been in this space since the beginning of GDPR and it's been nothing but a shitshow. Fines gets higher. Schrem continues his moral crusade. And SMBs gets caught in the middle of this having to try to decipher the high-and-mighty text that is GDPR. All the handwringing over US surveillance laws as if all these GDPR complaints can convince the USA to roll them back or make companies less subject to them.
And yet after all this, breaches still happen and companies just pay lip service. I won't deny that this has been a fantastic job creator, but the whole thing feels like a shakedown scheme to me at the end of the day.
It’s a data collection tax. The EU doesn’t have the negotiating power to force Facebook to change its business model. But maybe you all will get something good with all of the money GDPR brings in.
It’s a data collection tax. The EU doesn’t have the negotiating power to force Facebook to change its business model. But maybe you all will get something good with all of the money GDPR brings in.
Owch. 1.2 billion Euros is a lot. Not enough though, it's only a few percent of their annual profit. Fines for big companies need to be so much bigger otherwise they're too easy to just write off as a business expense.
The hacker news thread had an interesting way of putting it: it's only about 4 days of revenue for Facebook/Meta, or about 20 days of income.
Actually a big deal IMO
The noyb post about this.
Noyb (none of your business) is the organization that has been fighting this for a decade.
https://archive.is/FSBYD
mini rant:
So what. I've been in this space since the beginning of GDPR and it's been nothing but a shitshow. Fines gets higher. Schrem continues his moral crusade. And SMBs gets caught in the middle of this having to try to decipher the high-and-mighty text that is GDPR. All the handwringing over US surveillance laws as if all these GDPR complaints can convince the USA to roll them back or make companies less subject to them.
And yet after all this, breaches still happen and companies just pay lip service. I won't deny that this has been a fantastic job creator, but the whole thing feels like a shakedown scheme to me at the end of the day.
It’s a data collection tax. The EU doesn’t have the negotiating power to force Facebook to change its business model. But maybe you all will get something good with all of the money GDPR brings in.
Where exactly does that money go anyway?