- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-03T21:20:00
The bipartisan consumer data privacy bill recently floated in Congress has steep hills to climb if it’s ever going to become law, but that’s no reason for businesses to delay their privacy tune-ups.
The “American Privacy Rights Act” (APRA), released by Sen. Maria Cantwell (D-Wash.) and Rep. Cathy McMorris Rodgers (R-Wash.), has been promoted as the comprehensive federal legislation needed to safeguard consumer privacy in an aggressive, online advertising environment.
Many businesses would welcome a federal privacy law after contending with a growing patchwork of different state laws that now numbers 16, as tracked by the International Association of Privacy Professionals.
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The General Data Protection Regulation has been in force for nearly six years. Some industries—and some companies—have been more prone to fall foul of the rules than others.
The implications of a privacy rights case involving a U.K.-based Uber Eats driver underscore a popular belief that companies prioritize protecting the personal information of their customers over the data rights of their employees.
A bipartisan consumer privacy bill released by Sen. Maria Cantwell (D-Wash.) and Rep. Cathy McMorris Rodgers (R-Wash.) would provide the broad, comprehensive protections businesses and Americans have called for, according to the lawmakers.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
