Privacy policies are bogus and reading all of them would take about 30 days per year
The reality is that the incentives of a privacy policy are to not use it to keep your info private. In fact, the incentives are to make a privacy policy as permissive as possible. Because the only time you get in trouble is not if you fail to protect someone’s privacy… but if you violate your own privacy policy. So companies have the incentive to write a privacy policy that is as permissive to the company as possible, so that they’re less likely to avoid violating their own privacy policy.
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even when people do read them, almost no one understands them.
In fact, a new report notes that if you actually bothered to read all the privacy policies you encounter on a daily basis, it would take you 250 working hours per year — or about 30 workdays.