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Re:StreetLend.com shuts down, citing GDPR regulations by a_bonobo on Monday April 30, 2018 @02:12AM (#16956187)
There is a set of rules that are followed when determining a fine: https://www.gdpreu.org/compliance/fines-and-penalties/

These rules look at whether your company has infringed before, whether you've notified the state on your own, etc. pp.

The current Information Commissioner Office system has a similar system in place. Out of 17,300 cases reported in 2017, 16 resulted in a fine. Source: https://www.infosecurity-magazine.com/opinions/gdpr-timebomb...

Re:StreetLend.com shuts down, citing GDPR regulations by downandout on Monday April 30, 2018 @02:50AM (#16956342)
There are no rules in what you linked to that would prevent or even deter maximum fines in every single case. The only limits imposed are $10 million for lower level fines and $20 million for upper level (or percentages of revenue, whichever is higher - the static amount will always be higher for smaller businesses).

Edit: to those downvoting this (and all of my other comments) - this comment contains only facts. So please show me where it says that there are circumstances under which they must fine you less than the maximum. Otherwise there is nothing to downvote.

Re:StreetLend.com shuts down, citing GDPR regulations by ckastner on Monday April 30, 2018 @07:10AM (#16957559)
It's in article 83 of the GDOR:

Each supervisory authority shall ensure that the imposition of administrative fines pursuant to this Article in respect of infringements of this Regulation referred to in paragraphs 4, 5 and 6 shall in each individual case be effective, proportionate and dissuasive.

Note: proportionate

Re:StreetLend.com shuts down, citing GDPR regulations by syshum on Monday April 30, 2018 @07:37AM (#16957689)
I think this highlights the EU vs US perspective on Government nicely

In the EU you tend to trust your bureaucrats to make a "Fair and Just" application of the law

In the US we tend to expect our bureaucrats to be vindictive, corrupt, petty, and generally impose fines and penalties not based on the law but based on their personal feelings about the target of their "legal action"

Thus such open ended wording like you posted being classified as a "rule" scares the shit out of most Americans

Re:StreetLend.com shuts down, citing GDPR regulations by outsideoflife on Monday April 30, 2018 @09:02AM (#16958206)
> I think this highlights the EU vs US perspective on Government nicely

And the differences in the legal systems specifically. I think this is why a lot of HN commentators are finding the GDPR vague. In the US rule based regulations are the norm. For better or worse this tends to allow those with clever lawyers to search for loopholes. UK law is much more principle-based, which means trying to abuse the exact wording is not going to save you from a fine, and equally a technical-breach of wording is not going to get you prosecuted. It's not just the civil servants that we trust with this, it is the judges too.

Re:StreetLend.com shuts down, citing GDPR regulations by syshum on Monday April 30, 2018 @01:24PM (#16960442)
In the US we have learned that trusting government normally does not work out well for the citizens of that nation.. you end up putting people in jail for Tweets, and Jokes ;)
Re:StreetLend.com shuts down, citing GDPR regulations by 2trill2spill on Monday April 30, 2018 @07:56AM (#16957777)
Proportionate is subjective and means something different from person to person.
Re:StreetLend.com shuts down, citing GDPR regulations by detaro on Monday April 30, 2018 @05:50AM (#16957181)
Explicit criteria existing deter maximum fines, since it opens up the authorities to counter-claims that they did not take criteria in your favor into account.
Re:StreetLend.com shuts down, citing GDPR regulations by downandout on Monday April 30, 2018 @06:21AM (#16957318)
To most small businesses, whether the fine is $5 million or $20 million doesn’t matter - they still can’t pay it. So if some of these factors are considered and “only” $5 or $7 million is assessed, that’s still a company killer.
Re:StreetLend.com shuts down, citing GDPR regulations by outsideoflife on Monday April 30, 2018 @09:08AM (#16958241)
Under what circumstances are you expecting to receive a $5m dollar fine? To me (who is assessing this risk at a UK SME) the idea of an SME receiving this kind of fine is absurd. As the poster above said, the law asks for proportionate fines.

The big number max fines in GDPR are there to deal with companies like Google and Facebook who can write of $5m as a rounding error.

People who have been fined at all under the existing DPA, being enforced by the very same people as GDPR, have been negligent, repeat offenders. I don't believe anyone has ever received the maximum fine in the existing regulations. That just isn't how UK law works