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Managing the Exchange of Personal Data Across Borders

Jose Tabuena | November 19, 2013

Cross-border transfer of information is an increasingly crucial and thorny component of transacting business around the globe.

The challenges of data exchange for international companies are considerable as the requirements and repercussions are not uniform across jurisdictions. What is permissible in the United States may be forbidden in Europe or elsewhere. Internal auditors and compliance professionals at multinationals need to be cognizant of the rules regarding the transfer of data in the jurisdictions where they operate to ensure that actions taken in one geography of the business do not result in infractions in others.

One of the biggest risks is the potential of cyber-security breach. This concern is emerging as technology becomes more pervasive, Big Data emerges, and companies extend their reach internationally. The Internet doesn't recognize... To get the full story, subscribe now.