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.