Vermont passes first law to crack down on data brokers

Re:Vermont passes first law to crack down on data brokers by anfilt on Tuesday May 29, 2018 @12:23AM (#17176483)

Exactly, when I saw the amount for a breach. I almost spit out my coffee. Heck this is the low-level fine:

"The lower level of fine, up to €10 million or 2% of the company’s global annual turnover..."

That could crush smaller companies, but for large companies it's a slap on the wrist.

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Re:Vermont passes first law to crack down on data brokers by lovich on Tuesday May 29, 2018 @01:40PM (#17181311)

The minimum fine is 0%. Stop spreading FUD

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Re:Vermont passes first law to crack down on data brokers by anfilt on Friday June 01, 2018 @05:28AM (#17203818)

I was reading straight from the document. I never said minimum either.

This is straight from Article 83 of GDPR: "Infringements of the following provisions shall, in accordance with paragraph 2, be subject to administrative fines up to 10 000 000 EUR, or in the case of an undertaking, up to 2 % of the total worldwide annual turnover of the preceding financial year, whichever is higher"

Moreover the next fee level is: "20 000 000 EUR, or in the case of an undertaking, up to 4 % of the total worldwide annual turnover"

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