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by barry-cotter
2420 days ago
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The GPDR is a large compliance burden. The bigger your company is the less this hurts you because it’s very approximately a fixed cost. So the GPDR kneecaps small companies while being a painful but bearable expense for large ones. On net it helps the internet giants by reducing competition. |
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Dumping toxic byproducts in the river. Forcing employees to work unpaid overtime. Keeping fraudulent books and evading taxes. Selling illegally dangerous products. Not following local building codes. Facilitating third-party fraud or money laundering...
Being a small business should not be license to do whatever you want, irrespective of the harm to customers, business partners, or others in the society.
In the case of data protection specifically, companies (perhaps especially small companies) are very cavalier with all sorts of data including personally identifiable information, financial information, communications, ...., and this causes serious harms when that data is misused directly or stolen by/leaked to/sold to someone who misuses it.
If a company cannot afford to stay in business while treating data carefully, then perhaps they should not be in business.