Another useless fine.
118K fine for over 12Million victims means each victim was only worth 0.0098333. Oh yes, I can see how such a massive fine will cause them to tremble in fear lest it happen again.
Or, more likely, the C-level officers will shake the money out of petty change, give the regulator TheFinger, & carry on fucking folks over with impugnity.
Unless that fine is per day, per victim, & personally, criminally, financially unable to be erased via bankruptcy, payable by said execs, they won't care, won't notice, & won't even break stride before doing it again.