Legally, it should mean no personally identifiable information is collected, since they are not accurately described. In practice, I'd expect at least IPs to be logged, but not used meaningfully. This is of course if the site services the EU.
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If the site services the EU and does not have a privacy policy it’s downright illegal according to the GDPR.
Art. 14 GDPR, “Information to be provided where personal data have not been obtained from the data subject”:
Where personal data have not been obtained from the data subject, the controller shall provide the data subject with the following information […] the identity and the contact details of the controller […] the purposes of the processing for which the personal data are intended […] where applicable, that the controller intends to transfer personal data to a recipient in a third country or international organisation …
Is it just me or does this not make sense? It says you must declare the purposes of the processing for which personal data are intended, but this is under the section for when no personal data is collected. How does that work?
That section is only applicable if personal data has been obtained by some means other than from the data subject. If a site doesn’t collect or process any personal information, period, then that section (and the rest of the GDPR) isn’t applicable.
It's probably made by one person or a small group of people in an unofficial capacity meaning they're not doing eveything they should. So it could mean anything really.
I believe the GDPR doesn't require quite a few of the things in that law unless the company is above a certain size. May have something to do with that.