Date Nov 5, 2019
Data privacy laws and their unavoidable consequences are making headlines around the globe, with Fluency CEO and industry veteran Chris Jordan sharing his thoughts on what these regulations mean for the future of cybertech. Jordan’s latest comments were caught by the International Financial Law Review (IFLR), which manages an audience of over 30K readers. IFLR reporter Jimmie Franklin outlined what tech companies can expect from increased privacy protections -- providing a deeper look into two recent regulations.
The CCPA and GDPR are each major pieces of legislation that have garnered significant attention in the tech world, particularly since Google, Microsoft and Facebook face unexpected fines as a result of non-compliance. The European GDPR has already surpassed its one-year mark since implementation, while the CCPA is expected to be enforced in California at the start of next year. Jordan’s analysis on the difference between these related laws emphasized the lesser significance of the CCPA, as reported by the IFLR on Oct. 30th.
"CCPA is both a smaller market than GDPR and a shadow of its requirements," said Jordan to IFLR. "We see more impact around GDPR than that of CCPA."
Ultimately, Jordan said the CCPA sets a very low bar of accountability. A greater level of flexibility exists for companies operating outside of the CCPA’s confines, which allows for a 30 day grace period if a violation is uncovered. By contrast, the GDPR protects the right to be forgotten, which isn’t as clearly outlined by the CCPA. By any compliance standards however, it is clear that data regulation will be a factor when crafting cybersecurity infrastructure for years to come.