The GDPR doesn’t fine small companies that aren’t making a lot of money. The fines also don’t apply fully to startups until they are a certain age, depending on country.
The GDOR doesn’t require you to delete user data that you need. That would be insane, you could obtain a loan and ask to have the record of it deleted if it did. The GDPR does require you to inform people that you keep their data, and it requires you to tell your national how you plan to keep the data safe.
You’re not required to have GDPR legal representation in one man - small companies or startups.
The GDPR is only really a problem if your business model evolves around selling privacy data. I won’t lose any sleep over it being harder to make a new Facebook and I’m looking forward to see what new business models spring up.
I work in the Danish public sector by the way. I have around 500 systems that need to comply, some of these systems run on mainframes and have bits of software that are older than me. I’m not worried, especially not when we haven’t seen a single case in the courts. Until that happens the GDPR is really just a piece of paper because nobody knows exactly how it’ll be interpreted by the legal system.
The GDPR doesn’t fine small companies that aren’t making a lot of money. The fines also don’t apply fully to startups until they are a certain age, depending on country.
The GDOR doesn’t require you to delete user data that you need. That would be insane, you could obtain a loan and ask to have the record of it deleted if it did. The GDPR does require you to inform people that you keep their data, and it requires you to tell your national how you plan to keep the data safe.
You’re not required to have GDPR legal representation in one man - small companies or startups.
The GDPR is only really a problem if your business model evolves around selling privacy data. I won’t lose any sleep over it being harder to make a new Facebook and I’m looking forward to see what new business models spring up.
I work in the Danish public sector by the way. I have around 500 systems that need to comply, some of these systems run on mainframes and have bits of software that are older than me. I’m not worried, especially not when we haven’t seen a single case in the courts. Until that happens the GDPR is really just a piece of paper because nobody knows exactly how it’ll be interpreted by the legal system.