INSIDE COMPLIANCE

Today, the exponential growth and mass adoption of information technology tools and the constant exchange of user data presents an ongoing challenge for regulators seeking to protect data and privacy rights. Particularly from the Covid-19 pandemic onward, a dramatic increase in both demand and dependency has caused a tectonic shift across both public and private sectors. As a result of this ongoing IT and data revolution, the legal and regulatory landscape faces new opportunities and challenges, in terms of providing clarity and stability to regulated industries, entities, and individuals. One notable area of concern is data privacy and protection. Unfortunately, the U.S. Federal system currently lacks a centralized regulatory framework for protecting user data and privacy. However, other nations offer clear models, case studies from which the U.S. could greatly benefit. For example, the European Union’s General Data Protection Regulation, or GDPR, is an established, globally recognized regulatory framework. If adopted by U.S. regulators, the GDPR could provide clear regulatory guidance for individuals and entities seeking to navigate an increasingly high-risk era of data protection and management.