One advocate called the fines "a very important victory in the fight to ensure consumers' safety online." The director of the Norwegian Consumer Council, Inger Lise Blyverket, put out a statement celebrating the ruling, calling it "a very important victory in the fight to ensure consumers' safety on...
Yeah fines for corporations should really be a percentage of yearly revenue, ideally no less than 10%. The current system is ridiculously outdated and has no impact whatsoever.
Fines as a percentage of income is a good idea for individuals but I dont think it works for coorperations.
A more reasonable approach is:
100% of the money they earned/saved by comiting the crime
100% of all damages caused to other people/cost to clean up results of the crime (includes the cost of investigation and prosecution)
a fine that represents the likelihood of getting caught. (If the crime earns me 1mil, the fine is 50mil but I only have a 1% chance to get caught, statistically I should commit the crime as many times as possible because I will end up wining in the end)
(optionally) a fine based on the crime. This one might be based on the size of the company. This is the "punishment" part. It probably should be payed by the individuals responsible and not the company.
This third point is the important one. Cooperations comit crimes because they are reasonable monetary investments. If the expected fines are always higher than the expected earnings, crimes become a bad investment.
That picture in the headline looks like its old enough to be in high school.
Is that thing running fucking jellybean?
Also holy shit jellybean is as long ago now as the win 9x/Mac is 9 days where then. I'm not supposed to feel old by my mid 20s.
Though I think that feeling is a consequence of being born into a world that moves faster than it ever has, and gains speed by an order of magnitude every decade or so. Moore's law and all that.