Comment on Meta fined $102 million for storing passwords in plain text

Teal@lemm.ee ⁨11⁩ ⁨hours⁩ ago

• WhatYouNeed@lemmy.world ⁨10⁩ ⁨hours⁩ ago

  Should be like GDPR fines: 4% of your annual global revenue.

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• Squizzy@lemmy.world ⁨11⁩ ⁨hours⁩ ago

  102 million is a major fine.

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  • GoodEye8@lemm.ee ⁨10⁩ ⁨hours⁩ ago

    102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was around 13 billion net income).

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    • pixelscript@lemm.ee ⁨9⁩ ⁨hours⁩ ago

      If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.

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      • psycho_driver@lemmy.world ⁨8⁩ ⁨hours⁩ ago

        Wow you have very forgiving traffic laws where you’re from. $190 for rolling through a stop sign here.

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    • ColonelThirtyTwo@pawb.social ⁨9⁩ ⁨hours⁩ ago

      To put it into perspective, the fine was 0.8% of that net income.

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  • InEnduringGrowStrong@sh.itjust.works ⁨10⁩ ⁨hours⁩ ago

    Not for a company with 120 Billion profits.

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  • floquant@lemmy.dbzer0.com ⁨9⁩ ⁨hours⁩ ago

    It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.

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