The European Commission expects to raise the cap on future fines against software giant Microsoft to $3.8 million a day should the Redmond, Wash.-based company continue to fail to comply with a 2004 antitrust ruling, Reuters reports.The news comes from a “diplomatic source” who spoke as European Union competition regulators gathered to discuss the appropriate fine to levy against Microsoft for its past failure to comply with the 2004 decision, according to Reuters.The commission did not provide Reuters with an official comment.The commission is set to meet on Wednesday to make its final decision, and union Competition Commissioner Neelie Kroes will announce the news in a press conference following the meeting. If a fine is handed down to Microsoft, it will be the first time the commission has issued a penalty against a company for failing to meet an order meant to cease an abuse, according to Reuters.The current limit on daily fines is $2.5 million, Reuters reports. Whatever amount the commission decides to penalize Microsoft, it will come on top of the $637 million in fines already handed down in 2004 by former Competition Commissioner Mario Monti.Under European Union law, the European Commission can fine a company as much as 5 percent of its daily turnover during its previous year of business, according to Reuters.In 2005, Microsoft’s total turnover was $40 billion, which breaks down to roughly $110 million a day, Reuters reports.Related Link: Microsoft Could Face E.U. Fines of $2.5MThis article is posted on our Microsoft Informer page. For more news on the Redmond, Wash.-based powerhouse, keep checking in.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe