The exit of the United Kingdom from the EU has caused turmoil in world markets and has far reaching consequences for those companies in the European Union doing business with the country – and vice versa. There has also been some uncertainty about how the authorities based in London will be treating data security and privacy issues. The consensus seems to be that companies doing business with the second largest economy in Europe (after Germany) should be adopting a ‘business as usual’ approach. However, will this necessarily be the case in the future? Will global companies with a British connection (including those in Asia) be forced to revisit how they treat data security and privacy issues when dealing with the United Kingdom – and will British companies move away from the rules that have been set in place by Brussels? We take a closer look.
