Comment on The 773M Record “Collection #1” Data BreachparentComments−iSnow7yWe are getting there, thanks to the EU. The GDPR directive has teeth, and it /will/ affect all larger US companies as well.Fines of up to 4% of yearly revenue area no joke: https://www.forbes.com/sites/bernardmarr/2018/06/11/gdpr-the...−nerdponx7yHave there been any notable cases of actual enforcement GDPR enforcement yet?−iSnow7yOnly small fry. Knuddels, a German chat platform, was fined for a data breach and storing passwords unencrypted.But data protection institutions are warming up for taking Facebook to task: https://www.cnbc.com/2018/10/04/facebook-data-breach-top-eu-... - the 1.6bn is way over the top since FB informed customers in time, but still this will be a lighthouse case.
Comments
We are getting there, thanks to the EU. The GDPR directive has teeth, and it /will/ affect all larger US companies as well.
Fines of up to 4% of yearly revenue area no joke: https://www.forbes.com/sites/bernardmarr/2018/06/11/gdpr-the...
Have there been any notable cases of actual enforcement GDPR enforcement yet?
Only small fry. Knuddels, a German chat platform, was fined for a data breach and storing passwords unencrypted.
But data protection institutions are warming up for taking Facebook to task: https://www.cnbc.com/2018/10/04/facebook-data-breach-top-eu-... - the 1.6bn is way over the top since FB informed customers in time, but still this will be a lighthouse case.