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September 27, 2018

Lawyers, Businesses Warn Of Legal Ramifications of Data Privacy Laws

Lawyers and businesses in the U.S and abroad have expressed concerns over the ramifications of new data privacy laws, according to stories in BankInfoSecurity.com and Broadcasting Cable.

A London-based attorney told BankInfoSecurity the European Union’s new General Data Protection Regulation (GDPR) means that “class actions are here to stay for data breaches.” He went on to say that legal actions in Europe are “more likely to succeed here than in the U.S.” Major companies like Facebook and Google were hit with multi-billion dollar lawsuits within hours of the new law taking effect.

California recently enacted a law similar to the GDPR, and companies are also expressing concern. At a Senate Commerce Committee hearing yesterday, representatives from Amazon said that the law “is not only confusing and difficult to comply with, but that may actually undermine important privacy-protective practices like encouraging companies to handle data in a way that is not directly linked to a consumer’s identity.”

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