Tag:federal data privacy laws
The Regulatory Framework of Our Data Privacy Legislation is Changing Amidst the Rise of Artificial Intelligence
With the rapid evolution of artificial intelligence (AI) comes unprecedented opportunities and legitimate challenges, especially in the realm of data privacy. The rising capabilities of AI systems to process, analyze, and use massive amounts of personal data has generated amplified regulatory scrutiny across the globe. Governments and regulatory bodies are wrestling with how to balance innovation and economic growth propelled by AI against the need to protect individuals’ privacy, ensure transparency, and safeguard data from misuse.
2022: U.S. Privacy Chaos, Continued?
Conversation surrounding the hodgepodge of state data privacy legislation in the U.S. has long been a subject of frustration within the U.S. and abroad. 2021 saw a drastic uptick in awareness and a need for meaningful comprehensive consumer privacy laws. With both data privacy and cybersecurity repeatedly making front page news over the last year, and even becoming high priority within the Biden Administration, it has become one of the few issues on which people across the political spectrum can agree. But will 2022 be the year that comprehensive federal privacy legislation becomes a reality? Don’t count on it.
2022: The Year of US Data Privacy Laws?
When you think of the most valuable commodity in the world today, you might automatically think of money, however, personal data has now become one of the most valuable forms of currency today. The vast amounts of personal data available have made it increasingly valuable to companies who know how to use it to their advantage. The means of receiving this data are sometimes questionable, and up until recently, often unregulated, leading to companies using unethical methods to get their hands on this valuable data. The US is starting to follow the rest of the world and develop extensive data privacy laws that cover more than just medical information to ensure that consumers are protected, but there’s still lots of disagreements surrounding how and what should be protected in the US.
Should The US Implement More Federal Data Privacy Laws
While the United States does have some federal data privacy regulations in place, the most comprehensive regulations exist at the state level with a degree of variation of protection from state to state. Recently, more conversations are being had about whether the United States should implement more federal data privacy laws. Proponents say they would likely use something equivalent to the European Union’s General Data Protection Regulation (GDPR), which focuses on regulating consumer data privacy and protecting consumers from data breaches. This is especially significant because states are taking matters into their own hands by passing state data privacy regulations that all vary slightly, which could become confusing for companies trying to be compliant with more than one.