Posted on 05/15/2018 1:38:11 PM PDT by bryan999
The European Union General Data Protection Regulation (GDPR) becomes fully enforceable on May 25, 2018. According to recent surveys, 60% of companies polled are going to miss the deadline; it's a sobering number considering how severe the fines and penalties could be for companies found to be noncompliant in the aftermath of a security breach. The reality is many businesses still do not understand what compliance with the GDPR really means.
With perhaps a few exceptions, every business that collects personal data from customers, clients, and vendors is going to experience a security breach where that data is exposed, comprised, and/or stolen. This inevitable fact is just one of the costs of doing business in an interconnected world. The GDPR does not, and cannot, expect businesses to patch unknown security vulnerabilities or avoid security incidents altogether. However, the GDPR does require businesses to make every effort to mitigate the damage security breaches have on people, particularly EU citizens.
(Excerpt) Read more at techrepublic.com ...
Seems like an EU money grab to me...
Of course it is. Early estimates are that it’ll cost companies about $1M just to comply with this. That’s if everything goes well and they don’t get fined by Euro paper pushers.
I don't know who writes these regulations however two things are crystal clear to me:
1. Those writing these regulations have zero technical experience whatsoever and;
2. The regulations are written in such a way as to be so confusing that it's impossible to comply with them. This way anyone can get fined/found not in compliance at any time for any reason and there's not a damn' thing we can do about it.
And some still think Brexit is crazy...
Hmmm, maybe this trend is what starts the next depression.
The EU claims legal jurisdiction in the United States, regardless of international law, if:
A. A person, any person, accesses a US website from the EU.
B. A EU citizen is in the US and accesses a US website.
C. A dual citizen of the EU (such as a US and French citizenship) is in the US and accesses a US website.
The MINIMUM fine for violation of the GDPR is $24 million, regardless of the company's size.
Is this true or are you pulling everyone’s leg?
"Did you really think we want those laws observed?" said Dr. Ferris. "We want them to be broken. You'd better get it straight that it's not a bunch of boy scouts you're up against... We're after power and we mean it... There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What's there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that's the system, Mr. Reardon, that's the game, and once you understand it, you'll be much easier to deal with."'Atlas Shrugged', 1957
Some more GDPR goodies:
A. If a user decides to “be forgotten” by the company, the company must comb through ALL backups and remove them. This is nearly impossible with most systems today.
B. The GDPR is over 100 sections comprising over 250 pages of conflicting regulations. It is designed for companies to fail and be fined.
C. The GDPR is the latest effort for the EU government to control the Internet, “Gosh, we tried to regulate it, now we’ll just have to own and control it.”
Exactly correct and what I’ve long thought about all these “regulations.”
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