Stephen Bonner, UK Information Commissioner’s Office (ICO) Executive Director of Regulatory Futures and Innovation stated that the ICO welcomes the “news of Google’s revised approach to cookie consent. It’s a change we’ve been seeking through our ongoing discussions with Google and broader adtech work. The new ‘reject all’ option gives consumers greater control and balance...
Fitch reports that cyber insurance sees rapid premium growth and contemporarily declining loss ratios, representing the fastest growing segment in the US. In 2021, the standalone and packaged cyber statutory direct written premiums increased by a staggering 74% in 2021 to nearly $5 billion compared with 9% growth for the property/casualty (P/C) industry overall. Find...
The World Trade Organization (WTO) and the World Economic Forum (WEF) have published a report entitled “The promise of TradeTech: Policy approaches to harness trade digitalization”. Since emerging technologies and digitalization are changing trade at a speed much faster than before, they lead to both opportunities and challenges. According to the report, as TradeTech adoption...
The Court of Justice of the European Union (CJEU) has ruled that national authorities cannot retain phone data in a “general and indiscriminate” manner, while specific information could be used to tackle heinous crimes. Generally, the Court said that national courts are to decide on the admissibility of evidence, but that the general rule should...
Bloomberg reports that China modified a decade-long rule that restricted offshore-listed firms’ financial data sharing practice, potentially removing a key hurdle for U.S. regulators to gain full access to auditing reports of the majority of the 200-plus Chinese companies listed in New York. Continue reading the Bloomberg article here.
The Ombudsman of the National Data Protection Authority (ANPD) has published its first Annual Report, related to 2021, which can be found here. The Ombudsman is responsible for receiving, analyzing, responding to, forwarding and monitoring complaints, suggestions, requests and compliments regarding the public services provided by the ANPD itself, in addition to complaints against its...
H&L Business Consulting was fined 80,000 GBP by the British Information Commissioner’s Office (ICO) for sending thousands of unsolicited marketing text messages. H&L was discovered to have sent 378,538 spam marketing messages between January and July 2020, resulting in over 300 complaints. The communications offered a “government-backed” debt management organisation that the Financial Conduct Authority...
The White House announces that the United States and the European Commission have committed to a new Trans-Atlantic Data Privacy Framework, which will foster trans-Atlantic data flows and address the concerns raised by the Court of Justice of the European Union when it struck down in 2020 the Commission’s adequacy decision underlying the EU-U.S. Privacy...
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