GDPR and the growth in big data analytics brought a new awareness of cyber security to the real estate industry. How should the businesses stay in compliance while growing on innovation?
Data Protection
Certain types of personal data are very valuable to criminals, and can be very damaging to an individual or business if it falls into the wrong hands. As the world becomes more digital and more connected, more of this sort of data is generated and passed between various sources on a regular basis.
Government regulations and supervisory authorities aren’t just about keeping irresponsible parties in line. They also provide vital security guidance to every type of organization that handles sensitive personal, business or government information.
Data protection regulations also ensure that the end user has a transparent view of and a say in the processing of personal data. These safeguards play a significant role in everything from the preservation of civil rights to ensuring that democratic institutions function properly.
Some types of personal data are clear candidates for regulation: medical records, banking information, national ID numbers and so on. But some of these regulations also cover items that might seem relatively innocuous at first glance: home addresses, email addresses, website profile information and so on. For example, the European Union General Data Protection Regulation (GDPR) has stipulations about anything that is unique to an individual to include phone numbers and social media accounts. People have varying levels of privacy preference with these items, but they are often protected by regulation because they can be used for targeted scams and attempts at identity theft.
Given that regulations often take the size and customer count of businesses into consideration in terms of penalties and the scope of protection of personal data, compliance is particularly important for enterprise-scale organizations. You do not necessarily have to have an active business presence in a country or region; simply storing data on or moving it through servers there may subject you to their data protection rules.
UK Google users are set to lose the protections they had received from the GDPR given that the country has embarked on an exit from the EU, where the law is applicable.
The GDPR has been in effect for a few months now, and it’s safe to say most businesses are familiar with it by now. It’s also likely a safe bet that at least a few view it as an inconvenience. Truth is, it’s anything but. From a business perspective, privacy regulations are one of the best things that could possibly exist - here’s why.
Understanding the value of intellectual property and ensuring they are protected is mandatory for companies looking to thrive in a digital ecosystem. Blockchain technology can help establish a proof of existence, creatorship and ownership of intellectual property by timestamping and tracking computer-aided design (CAD) files.
The fine centers on TikTok's failure to police underage users that sneak onto the platform, and collection and use of children's data without required parental consent. ICO says that TikTok should have been aware of some one million underage users.
Europe’s highest court will soon deliver a judgement on the 'Schrems II' case that could see the controversial Privacy Shield accord between the EU and the U.S. struck down.
The €50 million fine against Google is a sign that GDPR grade transparency is here to stay. Legalistic privacy policies will always be with us of course, but the privacy world is currently primed to embrace a new “layered notice” paradigm for delivering privacy information to users on their terms.
Massive data leak (handed over to German business newspaper Handelsblatt) reportedly contains troves of customer payment information, employee personal information, and customer safety complaints about the automated driving functions of Tesla vehicles.
To combat coronavirus outbreak, some E.U. nations are making use of GDPR emergency provisions to loosen up the rules in collecting and processing sensitive health data.
A new bill on consumer privacy proposed in Maryland gives residents the right to opt out of certain types of personal data transfers to third parties.










