The EDPB’s FAQs resolve some open questions, such as whether there will be a grace period for companies relying on Privacy Shield, but raise other questions, such as what “supplementary measures” companies need to put in place to use Standard Contractual Clauses and Binding Corporate Rules.
In the wake of the Court of Justice of the European Union’s Schrems II judgment, on July 23, 2020, the European Data Protection Board (EDPB) adopted a Frequently Asked Questions document to “provide initial clarification and give preliminary guidance to stakeholders on the use of legal instruments for the transfer of personal data to third countries, including the U.S.” The EDPB stated that the document will be updated, and further guidance provided, as it continues to examine and consider the judgment. The six-page FAQs provides the following guidance.
The European Union’s top court ruled that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people’s data, according to an AP News report. The ruling could impact how companies transfer European users’ data to the United States and other countries, such as the U.K, and could require regulators to vet any new data transfers to make sure Europeans’ personal information remains protected according to the EU’s stringent standards, says AP News.
With the second anniversary of GDPR on the horizon, the topic of data security is as pertinent as ever. Despite the proliferation of connected devices and the personal information and sensitive data they harbor, many consumers are unaware of just how susceptible their pocket-sized computers are to cyberattack.
According to a Linklaters analysis, there has been a major increase of data breach notifications to data protection authorities, with an average increase in notifications of 66 percent compared to Year 1 of the EU General Data Protection Regulation (‘GDPR’).
“There are only two types of companies: those that have been hacked, and those that will be.” When former FBI Director Robert Mueller spoke those words in 2012, he sounded hyperbolic. Almost a decade later, it seems prophetic.
More companies are doing more business online to survive the pandemic, and that’ll create even more data privacy concerns going forward. At the same time, new privacy regulations have taken hold, most notably the California Consumer Privacy Act. What are 5 steps to achieve compliance?
Experian® released its seventh annual corporate preparedness study, Is Your Company Ready for a Big Data Breach?, revealing that cybercriminals may still be one step ahead of companies’ security practices and investments.
This month in Security magazine, we examine how physical security leaders are being propelled into a unique position of revenue preservers and risk managers for their businesses. In addition, we profile Scott Ashworth, Director of Security for Atlanta United. Also, security leaders discuss how to develop cybersecurity careers, election security, data protection strategies, measuring and reporting security operations maturity and more!