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> However, that’s not how we manage risk. I think that this point can't be over-emphasized, and I wish you had put that sentence in its own paragraph. Risk (m
by mmt 8y ago
> However, that’s not how we manage risk.
I think that this point can't be over-emphasized, and I wish you had put that sentence in its own paragraph.
Risk (management) was also alluded to elsewhere in the comments in the discussion of "rules-based" versus "principles-based" regulation.
Perhaps characterizing certain business reactions as "panic" is grossly unfair, when they're merely sensible (or even somewhat excessive) risk-aversion reactions.
I've come to suspect that the HN readership has a high risk-affinity, not just because of the startup leanings, but also even because of the preponderance of programmers working in internet/web tech, possibly never even being exposed to an environment that's life-critical or money-critical (is there a word for that? fiduciary?). Given that, I also suspect there's also broad, possibly even unconscious assumption that risks like you're describing are no big deal, 80% compliance is more than enough, (always) ask for forgiveness instead of permission, and that sort of thing.
Personally, I don't think there's anything wrong with either risk-affinity or risk-aversion, as long as one is aware of it and it's not an unconscious bias.
- crankylinuxuser 8y agoI think the underlying idea here, is that data is "radioactive". Quite a lot of data can be fed into classifier systems to accurately identify people (not just computers), their trends, their shopping habits, and other much more private things. In Europe, because of classification systems surrounding IBM and Nazis, have chosen to be very proactive about the dangers of having too much data. It may be used right now in a good way, but the data can easily be used for very evil things. The GDPR reminds me of a Target (chain retailer) advertisement where a 17 year old girl was being profiled and send pregnancy, maternity, and baby ads. The father was angry at Target sending his daughter this, until the daughter fessed up that she was indeed pregnant. How did they determine this? Shopping purchase records. The GDPR may not have stopped the first occurrence, but would have provided sufficient "bite" to ever stop this from ever happening again. https://www.forbes.com/sites/kashmirhill/2012/02/16/how-target-figured-out-a-teen-girl-was-pregnant-before-her-father-did/#5c9274de6668 https://www.forbes.com/sites/kashmirhill/2012/02/16/how-targ...
- jacquesm 8y agoThat, and the fact that a good chunk of present day Europe was under the Soviet boot for 40 odd years and the people there got to see up close how dangerous data is in the wrong hands (in that case: the government).
- mmt 8y agoIn that case and now, in this case, too.. the government will have a legal monopoly on the data.
- jacquesm 8y agoThere is nothing that will magically transfer corporate data to the government.
- mmt 8y agoI'm not sure what you mean by this. No magic is required, only sufficient desire by those in power. That wasn't my point, though. It was that now only governments are allowed to gather and keep this data. Granted, the breadth of what's available to them may not be as great if they're mainly recording traffic with no access to corporate servers, but even that access can be periodically arranged given sufficient desire.
- 8y ago
- apple4ever 8y agoGreat points. It’s all about risk and the cost/benefits of complying.
- Proziam 8y agoI think you've hit the nail on the head regarding the bias of this particular forum. As a group, it seems obvious that HN would be less risk-sensitive than the average. For the sake of the topic however, I'd say that in this case the greatest risk is in not pushing to become compliant for the sake of future-proofing against legislation of this type. The mood of consumers and legislators worldwide is becoming increasingly pro-privacy and security. Essentially, many businesses not looking to adopt GDPR compliant are winning the economic mini-game while getting beaten in the metagame.
- mmt 8y ago> For the sake of the topic however, I'd say that in this case the greatest risk is in not pushing to become compliant for the sake of future-proofing against legislation of this type I find it a bit frustrating that you would so clearly ignore the whole point of this sub-thread merely to repeat the same sentiment about privacy and security, which wasn't under debate in the first place. Are you seriously suggesting that the GDPR is the end-all, be-all of data privacy regulation and that "legislastion of this type" will always be a proper subset of the GDPR, no matter the jurisdiction? If not, then even your purported future-proofing rings hollow, especially for a company which already substantially complies with the spirit of the legislation, which is what we've been discussing here. > Essentially, many businesses not looking to adopt GDPR compliant are winning the economic mini-game while getting beaten in the metagame. I remain unconvinced that this is true, because of, again, risk. It seems credible to me that, for many businesses, the risk could easily not be worth it, regardless of others opinions on the ease of compliance or financial exposure (so far only unsubstantiated opinions, as we have no actual data on enforcement yet, and this is a pretty deeply political matter, as you yourself point out). Moreover, I find it telling that you would refer to the situation as a "game". I expect the business owners in question (I'm assuming smaller business, in general) are more likely to view it a bit more soberly, in that they're running a business, not playing a game. As such, I don't expect they have a "mini" or a "meta", only decisions for which they and those that depend on them bear the consequences.