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We're Still Not Ready for GDPR? What is Wrong With Us?
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iOtta
iOtta,
User Rank: Apprentice
7/16/2019 | 9:00:12 AM
2 years later!
2 years after this article is written and we are still no further ahead.
Facebook has just been fined $5Billion dollars and the stock went up in price. One months revenue! 
It is cheaper to pay the fine than to actually do the right thing. 

Facebook is in the business of selling your information. If you are getting the service for free YOU are the product being sold! 
sngs7dan
sngs7dan,
User Rank: Strategist
11/20/2017 | 12:18:25 PM
Paying for Security
Back when I was a wee little lad getting my MBA, we had a class in calculating expected value. Using that 'back of the envelope' type of analysis, if you compare the risk of a E20,000,000 fine PLUS the cost of a E1,000,000 plus cost to remediate a reported breach against the certain expense of security, the stakes are now big enough that most companies, if following a rational(ized) budget process, may be willing to spend what it takes to begin being more secure.

No one says GDPR will prevent breaches. However, the increase in reported breaches will increase until companies (at least those that survive the penalties) wise up and do what is right because it's 'good business' (i.e., economically viable).


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