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Daily Compliance News

Daily Compliance News: July 12, 2023 – The US-EU Data Sharing Agreement Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • EU-US agree on data sharing pact. (NYT)
  • EU privacy advocates slam pact.  (BBC)
  • Max Schrems slams back, vows legal challenge.  (YaHooNews)
  • Challenges to data sharing pact likely.  (Reuters)
Categories
FCPA Compliance Report

FCPA Compliance Report – Maria D’Avanzo on Privacy Issues in the US and Beyond

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. Join Tom Fox, the host of FCPA Compliance Report, as he speaks with Maria D’Avanzo, Chief Evangelist Officer at Traliant about privacy issues in the US and around the world. Discover the challenges businesses face due to the lack of national law in the US, with multiple state laws led by California. Compare this to the EU, where GDPR has been in place since 2018, and similar laws have been implemented in other countries such as Singapore, Australia, and Brazil. Learn how GDPR has changed the way businesses handle privacy by making it a part of business processes. Discover the importance of consulting with a good outside counsel, especially for global privacy policy implementation.

Explore how to handle cybersecurity incidents and disclosure of information, as regulations on this topic are still developing. Hear from Maria on how to address these incidents internally and the importance of an incident response plan. Find out how collaborating with the Chief Information Security Officer is crucial in developing a specific plan for these incidents, including a group effort from various departments.

Hear about instances where organizations share confidential information or data, leading to legal backlash and damage to reputation. This section discusses the Tesla case and suggests a broader conversation about company culture may be necessary to prevent such privacy infringements. Don’t miss out on this insightful podcast and tune in now to get important insights into privacy and cybersecurity from two industry experts!

Key Highlights

·      The Evolution of Privacy Issues Post-GDPR

·      Navigating Privacy Laws and Meeting Legal Standards

·      Cybersecurity Incident Disclosure Decision Making

·      Importance of Cybersecurity Incident Response Plan

·      The Impact of Sharing Sensitive Information

Resources

Maria D’Avanzo on LinkedIn

Traliant

Tom Fox

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LinkedIn

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From the Editor's Desk

February and March in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

 In this month’s episode, we look back at top stories in CW from February around the changes in DOJ efforts to encourage corporate cooperation and compliance and; the Treasury Department’s renewed enforcement efforts against banks for violations of OFAC Regulations. We previewed some of the stories CW will look at in March, including several articles about data privacy in the US and Europe in a CW special issue.

Kyle relates some of the upcoming Compliance Week 2023 Conference highlights from May 15-17 in Washington, DC. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link below.

 We conclude with a look at some of the top sports stories, including a recap of the Super Bowl, the insanity of the NBA trading deadline, and the opening of Spring Training.

 Resources

Compliance Week 2023 information and registration here

Kyle Brasseur on LinkedIn

Compliance Week

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From the Editor's Desk

January and February 2023 in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

In this month’s episode, we look back at top stories in CW from January around the changes to the DOJ Corporate Enforcement Policy, the Ireland DPC fine against Meta, and the always-interesting Inside the Mind of the CCO series. We previewed some of the stories CW will look at in February, including several articles about data privacy in the US and Europe.

We conclude with a look at some top sports stories, including the NFL playoffs and the Carlos Correa contract situation.

Resources

Kyle Brasseur on LinkedIn

Compliance Week

Categories
The ESG Report

Data Privacy and ESG with Dan Frechtling

Tom’s guest in this episode of the ESG Report is Dan Frechtling of Boltive, a company that helps keep the Internet safe from invasive media and enforces data privacy. Data privacy and cybersecurity are ESG issues because they are significant drivers of business risk and a growing concern among investors and CEOs. The public costs of poor corporate cybersecurity management are increasingly viewed as market failures.

Dan is the CEO of Boltive. His career began as a marketer, and he has spent years learning the power of marketing. Having experienced a significant event that changed his perspective about hyper-targeting and information sharing, he transitioned to cybersecurity where he learned about data privacy issues. 

 

Here are some key points Dan and Tom talk about:

  • Dan talks about his professional journey and background and his role at Boltive.
  • Dan defines invasive media and describes the protection his company provides against it. 
  • Dale explains how Boltive’s solution for invasive media protects the audience from malware, redirects, and other malicious behaviors, by replacing them with revenue-generating ads.
  • Compliance with terms of service and user experience is key in order for these solutions to work, Dan tells Tom.
  • In cybersecurity, the intermediaries and third parties are often creating noncompliant and bad user experiences. Boltive solves this by creating a synthetic user experience so each step is recorded and traceable to see what went wrong.
  • Knowing and identifying if your inventory is sensitive and understanding the flow of data makes complying with ever-changing privacy regulations easier. 
  • Dan explains why the digital ad ecosystem is so convoluted and the potentially harmful effects on customers.
  • Dane highlights some of the compliance issues with online marketing. 
  • GDPR is the gold standard when it comes to privacy and data protection, but state laws should also be followed when they are more stringent than GDPR.

 

KEY QUOTE:

“Invasive advertising can really be many different forms and we see our role to protect brands and publishers and technology platforms so those ads don’t get inadvertently served, because the world of programmatic advertising is very lawless and algorithm-driven.” – Dan Frechtling

 

Resources 

Dan Frechtling LinkedIn | Twitter 

Boltive

Categories
Life with GDPR

US Response to GDPR Data Flow Protections

Jonathan Armstrong and Tom Fox return for another episode of the award-winning Life with GDPR. In this episode, we discuss the US/EU/UK agreement for data transfer from the EU/UK to the United States under the Data Protection Framework. Some of the highlights  include:

1.     What is the Data Protection Framework?

2.     How will the Data Protection Review Court work?

3.     What dare the safeguards around the US national security review be?

4.     What happens next?

5.     What are the views of Max Schrems?

6.     Will there be an EU/UK split?

Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

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Daily Compliance News

October 11, 2022 the Rethink Edition

In today’s edition of Daily Compliance News:

  • Corruption and money laundering are destroying the planet. (FCPA Blog)
  • UK to ‘rethink’ replacing GDPR. (TechCrunch)
  • Meta appeals €405 million fine. (Cordery Compliance)
  • More whistleblowers at EY (FT)
Categories
Daily Compliance News

October 10, 2022 the Data Privacy Edition

In today’s edition of Daily Compliance News:

  • Weinstein LA trial takes on new urgency. (NYT)
  • Twitter/Musk case study. (Reuters)
  • US tries to fulfill data privacy agreement with EU. (WSJ)
  • Met creates an anti-corruption unit. (BBC)
Categories
FCPA Compliance Report

Alvarez & Marsal Threatscape 2022 Report

In this episode of the FCPA Compliance Report, I am joined by Keith Williamson and Henry Chambers, Managing Directors at Alvarez and Marsal. We look at the firm’s Threatscape Report. Highlights of this podcast include:

A.    Threat 1-ABC Threats

  1. Why do you see a potential increase in anti-corruption investigations?
  2. In addition to the US under the FCPA, do you see other countries are actively assisting US authorities in ABC investigations?
  3. The new DOJ Monaco Doctrine reinstate the Yates Memo and the DOJ focus on individuals.  What does this mean for ABC investigations?
  4. What are some of the key challenges in handling investigations in China?
  5. How does this increase in ABC enforcement impact M&A?

B.     Threat 2-Fraud and Digital Asset Fraud Threats

  1. What are digit assets and digit asset fraud?
  2. The US has not yet released many regulations regarding cryptocurrency. What is the role of other countries in such regulation, if any?
  3. Why is the Ukraine war the first ‘digital asset war’?
  4. How have the worldwide sanctions against Russia impacted the growth and use of digit assets?
  5. What are the key controls and screen tools for digital assets that you advocate a company employ?

C.     Threat 3-Data Privacy and Data Protection

  1. What is the Personal Information Protection Law and how does it relate to the Chinese State Secrets and Data Security Laws?
  2. How can a non-Chinese company get data out of China?
  3. What are some of the key components of compliance program for this new law?
  4. How does this new law impact investigations in China?

Resources

Categories
Life with GDPR

Clearview AI Fine by the ICO


Jonathan Armstrong and Tom Fox return for another episode of Life with GDPR. In this episode, we take up a fine in the UK by the ICO against Clearview AI. We have discussed other EU countries’ fines against Clearview previously. Some of the highlights  include:

  1. What is this case all about?
  2. What did the ICO decide?
  3. Why is AI under the spotlight again?
  4. Other actions and penalties against Clearview?
  5. Key takeaways.

Resources
For more information on the Clearview AI fine by the ICO, check out the Cordery Compliance client alert on this topic; click here. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.