Since 25May2018 all websites (that are seen by EU residents) are required to allow those users the ability to choose If they want to allow computer cookies access to their computer. Computer cookies are small pieces of code are added to a computer when a user visits the website that store or retrieve information about the computer and/or personal information.
A typical 3rd party data collecter is advertising. The privacy statement would include words stating that the user's information is used to better serve ads. Google AdSense is a popular 3rd party advertiser.
Website's have used cookies since the early days of the Internet. Meaning computer cookies are nothing new, just now more appearent. A website publisher must now state which data collectors they have and how the information is used.
For instance Google AdSense is a very popular advertiser used by millions of websites around the world. Hence Google is taking these requirements very seriously indeed.
Opting out of cookie usage can severely inhibit a website's functionality. You may not be able to communicate with the webmaster, fill in any forms or use certain pages.
It is up to the webmaster to comply with each of these company's policies to continue to use their services. Fortunately, this website uses SiteSell Inc's. Solo Build It, to host it. SBI has done all the legwork for it's users. Giving us clear directions on how to comply with GDPR.
SBI has generated a GDPR compliance widget and serves it to all their websites. An SBI webmaster simply activates the widget or not. You should see it at the bottom of this page. That is untill you accept the option. Then it should disappear forever. Or at least until the cookie is removed from your computer. For more on SBI's tools, click here...
Update June 3 2018
It seems these new regulations are designed more for the webmaster than the user. Considering 99% of the population could probably care less about GDPR webmasters world wide have been working many hours attempting to comply.
And what does that mean? Are there going to fines or jail time for non-compliant websites? Probably not. Will Google search engine or Facebook penalize websites for non-compliance? Probably at some point. But likely only for the little guys. Giant company's websites will probably get a slap on the wrist along with instructions on how to fix the issues.
Hope this helps
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