StreetLend.com shuts down, citing GDPR regulations
What many posters here miss is that there is a big group of tech people that have no interest in dealing with legal matters more than the bare minimum, and overall deem them risky. I am one of them. People like me are well-aware of the fact that if we are not experts then we&#x27;re absolutely gonna lose because a dedicated lawyer can and will dig up material you couldn&#x27;t prepare yourself to defend from.<p>Thus, complying with something somewhat ambiguous like the GDPR is still an expense -- of time, money and risk -- that many small website owners won&#x27;t be willing to spare.<p>Look, it&#x27;s not hard to encrypt all personally identifiable information; there are ready-made frameworks that let you choose which DB columns you encrypt and how. You can generate a key for each user on creation and have their data encrypted with it. The problem is NOT that.<p>The problem is what happens if a legal firm or an agency targets you. Even if you adhered to the spirit of the law, they can dig up evidence that you didn&#x27;t obey the letter of the law (since GDPR is quite loose and ambiguous).<p>Small tech owners can&#x27;t fight such litigations. I am kind of baffled how this point evades so many people in this thread.