TikTok fined $600 million for China data transfers that broke EU privacy rules

Comments

• themeatbridge@lemmy.world ⁨1⁩ ⁨week⁩ ago

  That just seems like the EU sold a bunch of data to China for $600 million.

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  • themurphy@lemmy.ml ⁨1⁩ ⁨week⁩ ago

    But only as it seems.

    EU fines is a ladder system. First offence it can be around the 600m. Next one is % of their income worldwide (not profit).

    Should they hit hard on the first offence? Maybe, but getting the first strike is not fun either with how this system works.

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    • Landless2029@lemmy.world ⁨1⁩ ⁨week⁩ ago

      We’ve needed a ladder fine system like this in the states for decades.

      Here companies break the law and pay if caught as the cost of doing business.

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• pinball_wizard@lemmy.zip ⁨1⁩ ⁨week⁩ ago

  Wow. Sometimes data breaches come from the companies we most expect them from.

  If I told myself five years ago about this, I bet they would nod slightly in total lack of surprise.

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• kameecoding@lemmy.world ⁨1⁩ ⁨week⁩ ago

  ITT: americans being dismissive even though the EU is the only thing actually punishing their shitty megacorps for stepping out of line with fines in the billions

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