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I dearly hope the regulations actually live up to their estimated benefits, and that the cost of compliance also includes the indirect negative impact on future
by terom 4y ago
I dearly hope the regulations actually live up to their estimated benefits, and that the cost of compliance also includes the indirect negative impact on future product research and development, not just direct impacts on existing businesses.
> The draft legislation includes an impact assessment that [...] total cost of compliance [...] estimated at EUR 29 billion ($31.54 billion), and consequent higher prices for consumers. However, the legislators foresee a cost reduction from security incidents estimated at EUR 180 to 290 billion annually.