- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Privacy advocates wasted no time filing numerous complaints against a handful of technology companies, including Facebook and Google, for violations of the EU’s General Data Protection regulation, which came into force May 25.
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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.
There are plenty of technological solutions to consider as part of a modern compliance program. The data you collect, however, and implementation strategies, are just as important as the tools you choose.
Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring expensive or challenging rules, such as those regarding AML/CFT.
