Re:GDPR: Don't Panic
by downandout on Friday May 18, 2018 @08:44AM
(#17100960)
GDPR and “not spying on your users” are not even remotely related. GDPR is a massive regulation requiring significant resources that most small businesses simply don’t have.
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Can you list one or two of those "significant resources" you need and tell us why you need them, and didn't need them last year?
Re:GDPR: Don't Panic
by downandout on Saturday May 19, 2018 @01:19AM
(#17106769)
Insurance to cover the liability of GDPR fines, massive legal fees, and development time to name a few.
Surely you already had "cyber" coverage on your general liability policy, right, since you are handling users' data? I haven't been notified of any changes in premium for our policy related to the new regulations, fwiw.
Massive legal fees for what, exactly?
>I haven't been notified of any changes in premium for our policy related to the new regulations, fwiw.
I don't see how you can legitimately believe that there is not going to be an increase in costs. Either the insurance company was overcharging you before, they're lowering their margins or the price goes up. Anything else would require that the risk would be basically non-existent. The price might not increase right now, but it might increase next year or the year after that or the service might get worse.
>Massive legal fees for what, exactly?
To deal with situations that you didn't expect to happen, but did happen anyway. Even if you try your best, mistakes can happen.