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May 7, 2018 02:40 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/9rop-WiPFog/new-service-blocks-eu-users-so-companies-can-save-thousands-on-gdpr-compliance
New Service Blocks EU Users So Companies Can Save Thousands on GDPR Compliance
Catalin Cimpanu, reporting for BleepingComputer: A new service called GDPR Shield made the rounds last week and for all the wrong reasons. The service, advertised as a piece of JavaScript that webmasters embed on their sites, blocks EU-based users from accessing a website, just so the parent company won't have to deal with GDPR compliance. GDPR, or General Data Protection Regulation, is a new user and data privacy regulation slated to come into effect in the EU three weeks from now, on May 25, 2018. The new regulation brings a wealth of protections to user privacy but is a nightmare for companies doing business in Europe. The reasons are plenty, but the humongous fines for failing to meet GDPR standards are at the top of the list for most companies ($24 million or 4% of a company's annual worldwide revenue -- whichever is higher). There's also the 72-hour deadline to reveal data breaches and the necessity of hiring a so-called "Data Protection Officer." Plus, GDPR also mandates that companies must inform users on what data they collected about them, allow them to review the data, and even let users delete the data from the company's servers if they so wish.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/9rop-WiPFog/new-service-blocks-eu-users-so-companies-can-save-thousands-on-gdpr-compliance
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