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this post was submitted on 20 Jul 2023
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Should have been 25% of profits. Percentage based systems work.
25% of revenue, not profits. If it was profits then the fine would likely be $0 due to creative accounting.
Woah we got all that data for just $25m? Bargain.
Lolololol 25% of profits for keeping on to recordings for too long? You people are insane. You just hate Amazon and want to stick it to them.
The irony is none of these lemmy instances are run by companies with registrations and can do whatever the fuck they want when your data yet everyone is a okay cause pinky promise I hate Reddit too! 🤦♂️
A penalty should be something you want to avoid. A 25 million (occasional) fine for Amazon is like asking me to pay a .25 (occasional) fine for, say, no parking. It has no deterrence.
On the other hand, a percentual on the profits is a lot more deterrent, expecially for a company. Maybe 25% is too much, I agree, but let's say a 2-5% of the profits is not that bad.
Note that a fine that is a percentual of your profits (or income) is far more balanced because it hurts the small and the big company the same way.
25% of profits for wilfully breaching privacy law... that's actually quite low given what creative accounting can do for profits.
GDPR maximum fine is 4% of global turnover. Luckily for amazon it's capped otherwise they'd be on the hook for billions.
Christ, that type of penalty has no bearing of actual damages. They kept the data longer than another party thought was needed. The actual damage was minimal. They have a robust set of controls and are one of the better tech companies to work with in regards to child protection. A whole hell of a lot more than these lemmy instances doing literally nothing to protect childrens data.
You can somewhat trust some people with your data if there is no profit motive. You can't trust a corporation or a government. Ever.
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