No, it's an easy thing to say because we have over 20 years experiences of regulation around data protection. The regulators send a letter asking you to come back into compliance unless you've been really bad. They only move to fines if you ignore them.
Here's a company that was handling sensitive personal data (medical data). They have a legal obligation to register with ICO. They didn't do so. Imagine what would happen under HIPAA. Now read what happened in EU.
https://www.bloomberg.com/news/articles/2018-04-26/u-k-healt...
People freak the fuck out about the big fines, but they don't realise they're conditioned by the pathologicaly dreadful US system which aims to over-charge and over-sentence at every opportunity.
Here's some examples: The UK Criminal Prosecution Service sent some unencrypted DVDs through the postal mail. Those DVDs got lost. They got a fine.
Some time later they did it again - this time the DVDs contained interviews with children who were the victims of sexual abuse.
Think about this for a bit: no encryption, no secure mode of delivery, a repeat offence, incredibly sensitive personal data.
Sure this requires the maximum fine, right?
https://ico.org.uk/about-the-ico/news-and-events/news-and-bl...
No. Only £325,000 out of a possible £500,000.