GDPR After One Year: Costs and Unintended Consequences

GDPR After One Year: Costs and Unintended Consequences

As you can see from the mix of data and anecdotes below, it appears that compliance costs have been astronomical; individual “data rights” have led to unintended consequences; “privacy protection” seems to have undermined market competition; and there have been large unseen — but not unmeasurable! Here is the latest data on cases and fines released by the European Data Protection Board:

GDPR can be thought of as a privacy “bill of rights.” And the right to opt-out of data collection creates a free-rider problem where users who opt-in subsidize the privacy of those who opt-out.

Source: truthonthemarket.com

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