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23andMe's business is basically worthless. Its CEO now wants to buy it.
(www.businessinsider.com)
this post was submitted on 19 Apr 2024
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It's cute that you think the GDPR actually protects you and companies don't keep your data rather than simply preventing you from seeing it, just like Reddit tried to do poorly.
It's the best we've got ¯\_(ツ)_/¯
I know the companies I worked for - took it seriously.
The company I work for also takes it seriously.
The fun part is that our national privacy law beforehand wasn't even that different. The most significant change that the GDPR brought, is that the maximum fine went up from 300,000€ to now 20 million € or 4% of annual turnover.
And yeah, that change made all the difference.
Now it's a simple business decision to (mostly) comply with the GDPR, because there is a calculable risk+damages, which are higher than the cost for implementing the bare minimum in protections. They're also definitely higher than the potential revenue, you could pull out of a single customer's data.