Jonathan Armstrong, technology lawyer for Cordery and data regulation advisor here at Absolute, wrote an article for Tech Page One on Data regulation around the world. In the article, Jonathan talks about how global data regulations can impact businesses of all sizes. Right now, every business has the potential to be a global one, and while that comes with amazing possibilities, it brings its own sets of challenges. When it comes to data regulation, every organization operating abroad must understand these questions: What are the rules? How can you protect yourself? What should you do if something goes wrong?
In the article, Jonathan examines some of the data regulation laws in some of the biggest global markets, including China, India, the US and Russia. His analysis looks at some of the complexities and risks that organizations face in each of these markets, and why researching data regulations and requirements now is a must. The US is included amongst these players because, as we know, data regulations at the State and Federal levels are in a current state of flux.
Some of the key ways to protect yourself, as Jonathan discusses, are to:
- Know the laws and the private regulators in each market, including their requirements for protection and data breach notification
- Have a written agreement with foreign partners and vendors on how they secure data
- Audit partners and vendors, to keep data security to a high standard
- Consider insuring against any losses
The article also talks about what to do if there is a data breach. Read Jonathan’s article in full here.