Our top story today is the agreement reached by the US and EU on data-sharing between the jurisdictions. The EU-US Data Privacy Framework represents a formal recognition that the US can offer adequate protection under GDPR for EU citizens’ data. This agreement with bring an end to 3 years of costly uncertainty for tech companies following the invalidation of the EU-US Privacy Shield in 2020. The White House emphasised the economic importance of the agreement stating in a press briefing that $7.1tn of business relies on data-flows between the two jurisdictions.
[Source: European Commission] The Commission welcomes the political agreement reached today between the European Parliament and the Council of the EU, on the European Data Act, proposed by the Commission in February 2022.
Today, the Internet of Things (IoT) revolution fuels exponential growth with projected data volume set to skyrocket in the coming years. A significant amount of industrial data remains unused and brimming with unrealised possibilities.
The biannual conference highlighted the need for industry, regulators and governments to work together to unlock a range of opportunities for society, trade and economic growth.
At RAID (Regulation of Artificial intelligence, Internet and Data) Digital on 4th May 2022, legislators, regulators and technology industry experts resolved to “create balance in a precarious world”.
40 speakers joined from the European Commission, European Parliament, UNESCO, national governments including the US, Canada, Germany and India, regulators and central banks, Meta, Deloitte and investors.
At a Privacy Laws & Business webinar, experts from Meta, Stanford, the Norwegian Consumer Council and Amadeus revealed the prevalence of dark patterns and what businesses, regulators and policymakers can do to prevent them. Ben Avison reports