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Three unintended consequences of data privacy rules

Compliance Week | November 27, 2018

Data privacy rules are undoubtedly in the best interest of the consumer, and they’re also an integral part of any best-practices compliance program.

Robust regulations, however, are not without their drawbacks. Some will argue a strict privacy regime will have a negative effect on growing companies, create conflicting requirements in other instances, and potentially cause impediments to corporate investigations. We explore all three below … 

1. Slowing innovation among smaller companies

Will national and international consumer data privacy laws hit the brakes on what has been a years-long period of rapid innovation?

From a big business perspective, at least one CEO emphatically says no. In October, Apple CEO Tim Cook, speaking at the International Conference of Data Protection and Privacy Commissioners in Brussels, said his company supports a national U.S. data protection law that mirrors Europe’s General Data Protection Regulation....

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