A trade association representing privacy specialists estimates that businesses around the world will have to appoint at least 75,000 data protection officers to help them comply with the many complex requirements of the EU’s incoming General Data Protection Regulation (GDPR). Filling these positions will be costly and difficult, and it will divert money away from investments that would create more productive jobs and benefit customers through lower prices and better product features—including privacy-enhancing ones—says Nick Wallace in City A.M. The EU should amend the GDPR to reduce its complexity and prevent member states from obstructing the development of the Digital Single Market with additional, even more complex privacy regulations that go well beyond the GDPR.
