ITIF Cites Perceived Consumer, Industry Drawbacks From EU’s GDPR
The EU’s general data protection regulation is failing to increase online consumer trust, the Information Technology and Innovation Foundation’s Center for Data Innovation argued Monday. ITIF cited articles and reports discrediting the GDPR as failing to fulfill its intended purpose.…
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Four of five Europeans “who provide personal information online feel they have no control or partial control over this information,” ITIF said, citing European Commission data from June. Companies “reported spending an average of $1.3 million in 2017 on GDPR compliance and were expected to spend an additional $1.8 million in 2018,” ITIF said, citing a 2018 report from the International Association of Privacy Professionals and Ernst & Young.