OCT 27, 2020 | EUROPEAN UNION | UNITED KINGDOM
Brexit Could Bring Data Restrictions to UK Firms
Bloomberg, October 27, 2020
By Natalia Drozdiak
Around the world, companies have been able to expand their global footprints in part by transporting troves of customer data, like payroll information or business contracts, internationally. That's especially important for smaller countries, like the UK, who hope to serve billions of customers outside their borders.
Now, such transfers are increasingly under threat in Europe. In a landmark decision in July, EU judges overturned the primary system to move data from Europe to the US, called Privacy Shield, on concerns that users' information is unsafe from American intelligence services.
Business-to-business companies, on the other hand, could be relatively less affected, some argue. “You can imagine that there’s a difference between industrial data and social media data,” said Aaron Cooper, vice president of global policy at BSA, a trade group that represents companies including Microsoft Corp. and Oracle Corp. That should inform what extra privacy protections such firms have to incorporate, he said.
Original Posting: https://www.bloomberg.com/news/newsletters/2020-10-27/the-eu-is-getting-tougher-on-data-portability?sref=qIvhRzNd
ÜBER BSA
BSA | The Software Alliance (www.bsa.org) ist die globale Stimme der Software-Industrie gegenüber Politik und Wirtschaft. Die Mitglieder der BSA gehören zu den innovativsten Unternehmen weltweit und erarbeiten neue Software-Lösungen, die die Wirtschaft antreiben und das moderne Leben von heute prägen.
Die BSA mit Hauptsitz in Washington, D.C., und Niederlassungen in über 30 Ländern weltweit leistet Pionierarbeit in der Schaffung von Programmen zur Einhaltung und Durchsetzung geistiger Eigentumsrechte und der Einführung von Richtlinien, auf deren Basis technologische Innovationen und die digitale Wirtschaft gefördert werden.