ADIL 🦂 丰 ₿ ⚡ on Nostr: 👮♂️ Don't fine them if they're going to do it like that... In 2024, fines ...
👮♂️ Don't fine them if they're going to do it like that...
In 2024, fines imposed on companies such as Google, Meta and Amazon exceeded $8 billion, but this does not represent something really significant.
· Google: With fines of almost $ 3 billion , it could pay them in about three weeks.
· Goal: Could cover its $ 1.46 billion fines in less than two weeks
· Amazon: could pay its 57 million dollars in just one day
According to CSO: https://www.csoonline.com/article/567531/the-biggest-data-breach-fines-penalties-and-settlements-so-far.html
-Penalties should have some effect that would really make people fear breaking some regulation regarding privacy, otherwise it is just an illusion and anyone with enough money can simply break them. On the other hand, that same money should be reinvested in improving the privacy of all citizens.
In 2024, fines imposed on companies such as Google, Meta and Amazon exceeded $8 billion, but this does not represent something really significant.
· Google: With fines of almost $ 3 billion , it could pay them in about three weeks.
· Goal: Could cover its $ 1.46 billion fines in less than two weeks
· Amazon: could pay its 57 million dollars in just one day
According to CSO: https://www.csoonline.com/article/567531/the-biggest-data-breach-fines-penalties-and-settlements-so-far.html
-Penalties should have some effect that would really make people fear breaking some regulation regarding privacy, otherwise it is just an illusion and anyone with enough money can simply break them. On the other hand, that same money should be reinvested in improving the privacy of all citizens.