Wednesday, February 1, 2023

Trouble For Tech Giants As EU Harshens Customer Data Handling Practices With Strict Compliance Of GDPR

Since May of 2018, we’ve been hearing a lot about the GDPR and how it would really be a game changer for top tech giants in the industry that function in Europe.

Any organization that falls under the likes of the EU and takes care of customer data handling would need to comply with the likes of the GDPR. And in case they don’t, well, they would be required to face serious prosecution that comes with the great burden of financial penalties.

But the task linked to issuing such fines and keeping businesses disciplined has often been put on the shoulders of their respective local governments. This is very true in places like Ireland where firms like Meta are undergoing operations under Ireland’s law. For this reason, what we observe is a massive delay in penalties and processing of financial punishments like fines. And what you get is a bottleneck and a poor means of forcing regulations.

But with the new reports coming forward today, the European Commission claims it’s super keen on changing things for the better. It has made it a big requirement for various regional governments to send forward reports linked to how investigations about GDPR violations are taking place six times each year. Moreover, such reports provide overviews of bigger-scale investigations and those taking place across the border. This entails both timelines and steps of the procedures involved.

The mightiest impact would be in those nations that have big tech giants operating across the border such as France, Ireland, Netherlands, and even Luxembourg. The governments here would be accountable in terms of how they plan to progress with their respective investigations regarding the failure of compliance with the GDPR in place.

Today, the Irish Government argues how it’s so hard to process such huge complaints that they receive on a routine basis. They even mention how such claims tend to become so complex and need a lot of investigation. This is without even considering how there are plenty of cross-border issues that are received on a routine basis.

The EU is very firm on its words and it has punished a lot of tech companies in the past for not abiding by its rules and regulations. Therefore, we can easily see why leading organizations would be looking at this very seriously.


H/T: WashingtonPost

Read next: Business Openings Surpass Pre-Pandemic Highs, Here’s What That Means for Search Ads
by Dr. Hura Anwar via Digital Information World

No comments:

Post a Comment