Corporate data privacy fines, such as GM's $12.75 million penalty, often function as predictable business costs rather than effective regulatory deterrents, since companies can absorb these penalties while still generating profits that exceed the fines, creating a system where punishment is designed to be less than the potential profit from data breaches.
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Data Fines: GM, Honda, Ford - Cost of Doing Business? #shortsAdded:
GM isn't the only one. They're just the one who got caught first with the biggest fine.
Now, here's the fines. Honda already paid a fine in California. 632 thousand dollars.
Seriously. Ford paid 375 thousand dollars.
Those numbers are seriously embarrassing. Now, GM? Quite a bit more.
GM just got hit with a 12.75 million dollar fine.
And they still made more than what they were fined.
This isn't regulation.
This is just a simple business fee schedule. It's a cost of doing business essentially. You sell the data, you pay the fine, you wait for the headlines to kind of disappear and die out, and then the agencies that are supposed to protect you actually let it happen because the punishment is always designed to be less than the profit.
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