TikTok fined $600 million for China data transfers that broke EU privacy rules
TikTok fined $600 million for China data transfers that broke EU privacy rules
apnews.com
TikTok fined $600 million for China data transfers that broke EU privacy rules
That just seems like the EU sold a bunch of data to China for $600 million.
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.
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.