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A comment on I'm Testifying to Congress about Data Breaches – What Should I Say?. Parent comment

Re:I'm Testifying to Congress about Data Breaches – What Sho... by tankenmate on Tuesday November 21, 2017 @04:54PM (#15751962)
From May 2018 in the EU the maximum fine for a data breach is €20m or 4% of global annual revenue. This is due to the GDPR.[0]

[0] https://en.wikipedia.org/wiki/General_Data_Protection_Regula...

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Re:I'm Testifying to Congress about Data Breaches – What Sho... by isostatic on Wednesday November 22, 2017 @02:21AM (#15754972)
So after a certain point, the bigger the company the lower the fine? 20 million is 0.01% of Apple's turnover.
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Re:I'm Testifying to Congress about Data Breaches – What Sho... by zaarn on Wednesday November 22, 2017 @03:30AM (#15755245)
Whichever is greater, Apple would probably pay about 20 million * 400 (going by 0.01%) => 8 billion dollars.

Which I think would hit Apple rather hard.

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Re:I'm Testifying to Congress about Data Breaches – What Sho... by veddan on Wednesday November 22, 2017 @03:10AM (#15755151)
4% or 20 million, whichever is greater.
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