One example of the increased costs due to GDPR are that data subject access requests are now free to make. In the UK they used to cost £10. A small amount which never really covered the cost of fulfilling the request, but enough to deter frivolous mass use.
Now that such requests are free, there is no deterrent and companies must introduce a scalable process for dealing with them (or risk being swamped and unable to meet the 30 day deadline).
This will actually be easier for companies like Google and Facebook to comply with, as they are digital natives.
Financial services is an industry struggling with a burden of legacy systems, and even paper-based processes still. This one GDPR provision alone is causing much expense and heartache.
> Financial services is an industry struggling with a burden of legacy systems, and even paper-based processes still. This one GDPR provision alone is causing much expense and heartache.
That's a good thing. If it's causing much expense and heartache it means that our private data wasn't being handled with the necessary care and attention to value that it needed to be.
Now that such requests are free, there is no deterrent and companies must introduce a scalable process for dealing with them (or risk being swamped and unable to meet the 30 day deadline).
This will actually be easier for companies like Google and Facebook to comply with, as they are digital natives.
Financial services is an industry struggling with a burden of legacy systems, and even paper-based processes still. This one GDPR provision alone is causing much expense and heartache.