- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-07-07T13:33:00
The European Commission seeks to combat longstanding issues under the General Data Protection Regulation (GDPR) regarding cross-border cases with new proposed rules.
The GDPR Procedural Regulation, announced Tuesday, would not alter the GDPR but serve as a compliment to the landmark data privacy legislation, helping to establish clearer guidelines around the law’s “one-stop shop” mechanism. Under the one-stop shop, cross-border cases against companies are led by the relevant data protection authority (DPA) in the region in which the business is headquartered.
The mechanism has led to criticism and disagreement between EU DPAs, most notably regarding Ireland’s policing of Big Tech giants including Meta, Google, and Twitter.
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Plans to speed up General Data Protection Regulation cases against the likes of Big Tech firms by improving cooperation among the European Union’s data regulators have been largely welcomed by experts.
Adtech firm Criteo was assessed a penalty of €40 million (U.S. $44 million) for multiple alleged violations of the General Data Protection Regulation, including failing to verify it gained consent to process the data of European Union citizens.
The fifth anniversary of the European Union’s General Data Protection Regulation coming into force has highlighted the many successes of the legislation but also exposed areas where the law is still untested and unclear.
The U.K. Financial Conduct Authority is pushing back the date for some firms to comply with its naming and marketing rule amid struggles to prepare for it, the FCA said Monday.
The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency has created a new online portal for organizations to voluntarily report cybersecurity incidents, including ransomware attacks.
The Federal Reserve Board will require more than 30 of country’s largest banks to maintain a minimum percentage of capital in reserve, a percentage which the Fed calculated based on their complexity and whether they are considered a global systemically important bank.
