> The concern is the drip/drip effect of more and more regulation making those numbers even worse.
There are industries, like construction, that have a lot more regulations that this one. And small companies survive.
> What are the costs compared to the benefits?
Benefit: Citizens have the right to protect their privacy, to not be tracked without reason, to be notified when a data breach put their safety at risk, etc.
Cost: Companies need to have reasonable data governance that will increase short-term cost, but probably have a long-term positive impact on cost as bad data governance is just technical debt.
There are industries, like construction, that have a lot more regulations that this one. And small companies survive.
> What are the costs compared to the benefits?
Benefit: Citizens have the right to protect their privacy, to not be tracked without reason, to be notified when a data breach put their safety at risk, etc.
Cost: Companies need to have reasonable data governance that will increase short-term cost, but probably have a long-term positive impact on cost as bad data governance is just technical debt.