The increase in cyber threats is forcing general counsels to grow into a strategic leadership role in terms of management of data risks, per the General Counsel Report 2021.
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.
Financial market regulators from outside the EU are now seeking GDPR exemptions for the purpose of "public interest", for example cracking down on securities fraud, including the SEC in the U.S. as well as regulators in Japan and Hong Kong.
CCPA enforcement has gone into effect on July 1 despite the COVID-19 shutdown and the economic turmoil, however many companies are still unsure on how to comply to the law.
The size of today's GDPR penalties has set the level against which all future data breach fines will be judged as global data breaches are pursued by multiple regulatory authorities and private citizens alike.
Find out how data controllers have been using data processing agreement under GDPR since it came to effect two years ago and the common mistakes that are usually made.
According to a new survey conducted by the IAPP and EY, Global 500 companies will spend a combined $7.8 billion over the next year on GDPR compliance. Those escalating compliance costs will mostly result from new hiring, as corporations race to catch up with changes to privacy laws.
A UK privacy lawsuit that could involve millions of minors alleges that TikTok violated child privacy laws in its collection of personal information and in transferring it to third parties.
Information and data are key elements for an organization’s daily operations and need to be protected properly. ISO standards can help provide requirements, guidance, and recommendations for a systematic approach.
Hybrid cloud platform brings a new level of complexity, which comes with its own set of challenges. How can we best utilize a cloud approach while staying ahead of challenges such as data residency compliance?
A German court has slashed a GDPR fine assessed to one of the country's largest telecommunications service providers by over 90%, calling it "unreasonably high."










