By: Simon Wilson 22/06/2019 Last spring’s GDPR is one of the most complex pieces of legislation the European Union has ever devised. But is it achieving what it was supposed to? What is the GDPR? It’s the EU’s General Data Protection Regulation (GDPR), an EU-wide set of rules governing data privacy in the age of the internet. It came into effect in May last year, and will remain part of UK law even after we leave the EU. GDPR took four years to debate and compose (mostly by privacy-conscious German lawyers) and consists of 99 articles and 173 explanatory comments, making it one of the most complex pieces of legislation ever produced by the EU. Its stated purpose is to “protect all EU citizens from privacy and data breaches in an increasingly data-driven world”.How does it do that? Principally by dramatically expanding the definition of what counts as data; by compelling organisations to secure consumers’ explicit consent to … [Read more...] about Is the GDPR data protection law working?
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By Justin Baer WSJ Tues., April 30, 2019 Fidelity Investments’ parent company is launching a new business it says will help consumers keep their online passwords to themselves. The new FMR LLC business, called Akoya, developed a software platform that sits between the financial-services firms that hold clients’ accounts and the many apps that aggregate information to help customers prepare their tax returns, budget their expenses or plan for retirement. Akoya lets customers choose which apps can access data from their bank, mutual-fund and brokerage accounts and how much information these apps can grab. When a customer links a new app to their bank or brokerage account, she will be sent to a dashboard connected to their financial firm to allow access. Akoya built that dashboard and will administer the connection between the two parties. Fidelity executives said they expect financial firms will pay for the platform so they don’t have to build one … [Read more...] about Fidelity Parent Launching Online Data-Protection Business
If your organisation shares personal data with businesses in the European Economic Area (EEA), you will need to take steps to ensure you continue to comply with data protection laws if the UK leaves the EU without a deal. What is personal data? Personal data refers to any information that can be used to identify a living individual, including a customer’s name, their physical or IP address, or HR functions such as staff working hours and payroll details. Although the UK’s own data protection standards would remain the same, how personal data is transferred from the EU/EEA to the UK would change. This could affect your organisation. Therefore, if your organisation receives personal data from organisations in the EU you should consider, with your EEA partners, what changes you may need to make to ensure that data can continue to flow after the exit date. These changes will affect organisations both large and small. Organisations should as a priority, review whether they … [Read more...] about Businesses need to take steps to comply with data protection laws if UK leaves the EU without a deal
False sense of security? Even major apps and platforms can fall victim to security vulnerabilities. Andrew Medal Published 10:30 am CST, Friday, February 1, 2019 Photo: Matejmo | Getty Images Photo: Matejmo | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Matejmo | Getty Images What Business Owners Need to Know About Protecting Their Data 1 / 1 Back to Gallery With the recent rush toward enhancing consumer data protection due to GDPR and other privacy regulations that have taken effect, businesses have strengthened their platforms toward better protecting and securing user data. But is this enough? What do you need to know as a business owner, entrepreneur or … [Read more...] about What Business Owners Need to Know About Protecting Their Data
FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo DUBLIN (Reuters) - Ireland’s Data Protection Commission is investigating Twitter’s compliance with GDPR obligations to implement measures to ensure the safety and safeguarding of the personal data it processes, the commission said on Friday. “The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” said the commission in a statement posted on its website. “This inquiry will examine a discreet issue relating to Twitter’s compliance with Article 33 of the GDPR.” Article 33 of the EU’s General Data Protection Regulation states that a personal data breach must be referred to the commissioner within 72 hours after becoming aware of it, and sets out the amount and … [Read more...] about Irish data protection body says it is investigating Twitter GDPR…