The debate and ongoing negotiations over data transfer laws both in the U.S. and internationally should be something businesses should be taking careful note of. With laws constantly changing and the way we view data and privacy a continual conversation, seeking ongoing business counsel should be at the top of the list.
This is especially true for smaller companies and businesses entities that deal with customer data transfer and privacy matters. While some of the bigger tech giants can take a hit on data transfer violations and fines, most businesses could unfortunately go under after a single sanction.
What complicates matters further is that many of the new laws are yet to be fully comprehended and interpreted as to just how they apply. For example, the recently passed Safe Harbor 2.0 agreement, negotiated heavily by U.S. and European officials in February is still causing confusion for many tech giants. As of April, a key EU opinion being negotiated by European privacy regulators could change this again and kill this recent agreement.
As a tech company or other type of business handling significant customer data, it is very important that you consider your options of obtaining ongoing business law counsel. Being proactive and staying ahead of the game can make all the difference as data and privacy issues continue to grow. Talk to an experienced business attorney in California for more information about these options and how to protect your business.