I am allowed to post my own recordings on my own property unencrypted on the Internet as I please. Glorious GDPR or not. Neither the GDPR nor any other laws care about that.
Furthermore, a large part of nighttime burglars conduct a sort of reconnaissance before their act, and in that case an alarm system and/or surveillance cameras can very well deter the crime at that property.
It might be different with the currently topical twilight apartment burglars who usually strike between 3 and 6 pm, when everyone is most occupied with themselves (end of work, shopping, cooking, etc.). But even then, I think that alarm systems and surveillance cameras, unless they are hidden, tend to deter rather than having none at all.
Also, with decoys there are probably higher quality ones that you would not recognize as such from the outside! It's always a matter of money, analogous to the quality of the real cameras.