With the European GDPR many huge penalties have been given already to some major companies.
Uber just got fined 324 milion euro for leaking sensitive driver data.
But fining companies after a leakage isn't solving the problem.
But the problem also is that people dont care a lot about their privacy. As long as they hey stuff for free.
Most people dont care that apps get access to all our contacts, mails or photos.
They have a "I've got nothing to hide"-attitude.
I wonder how much of that money gets to the end users though. They are the ones who should be compensated. Just imposing a fine and keeping the money is a joke.