Which is what is so annoying and economically destructive about regulations like these that are broadly applied to all companies, especially on the internet where single person companies are very popular. They are designed in a vindictive way against large companies like Facebook or major online retailers who burned customera due to minimal information security investment.
But they so often ignore the reality of the burden it places on small firms who account for 90% of businesses and 50% of employment, who cant afford lawyers or the legal risks of a 'piss off' letter.
The western economic environment countinually gets more and more structured favouring large firms, encouraging large scale merging, which usually generates the type of large oligopoly companies who most often does the things that cause regulations to get created, then imposed on smaller firms.
If Japan's economy is any indication we do not want to state heavy economy where big companies are the only sanctioned winners and smaller companies are heavily disincentived by the state (whether indirectly, by side effect, or overtly).
If not having these laws created isnt an option (seemingly impossible in an administrative heavy org like EU), I then hope someday these regulation start being structures like progressive income tax using size minimums or are contained to specific industries where it's clearly a problem (both of which would apply well to minimum wage laws for example). So laws are pinned directly to a specific problem area justifying the heavy-handed state intervention, not just blanket laws on everyone.