- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Despite the economic clout of the tech sector, California’s state legislators have passed an extensive slate of data privacy rules that take their cue from the EU’s recently enacted General Data Protection Regulation rules.
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The City of Los Angeles has filed a lawsuit against the operator of the Weather Channel smartphone app—an IBM subsidiary—for “covertly mining the private data of users and selling the information to third parties.”
To consider California’s new Consumer Privacy Act a locally ported version of the EU’s GDPR regime may be understating the full scope of the newly enacted approach to data privacy.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
