On July 16, the Court of Justice of the European Union (CJEU) issued its decision in the case Data Protection Commission v. Facebook Ireland, Schrems:
*No one* can move data from the EU to the US since the US does not adequately protect EU citizens' rights. #SchremsII
*No one* can move data from the EU to the US since the US does not adequately protect EU citizens' rights. #SchremsII
Yes, you read that right. Since the US gov't likes to peak👀😱 at data being sent into the US and the lack of control by EU citizens, they are changing their stance on data transactions between the EU and US.
Want the full details? Great article here: iapp.org/news/a/the-sch…
Want the full details? Great article here: iapp.org/news/a/the-sch…
This ruling makes a major statement: Data security and privacy is critical moving forward. So how will this impact the "$7.1 trillion (trans-Atlantic) economic relationship that is so vital to our respective citizens, companies, and government(?)”
Time will tell
Time will tell
With #GDPR and #CCPA violations carrying fines up to $25M and over $500M in fines since GDPR enforcement in mid 2018, you would think companies would make this a priority. Yet in one month following #SchremsII, there have been 101 complaints
Not only does @0Chain return the ownership of data to the users, but it also helps enterprises abide by #GDPR/#CCPA regulations. Built for the intention of data privacy and security, #0Chain is the perfect tech solution for enterprises.
blogs.oracle.com/cloud-infrastr…
blogs.oracle.com/cloud-infrastr…
By shifting liability to the users, decreasing chance of data breaches, and using an immutable ledger, 0Chain enables enterprises to make GDPR/CCPA compliance a business advantage by taking the lead on abiding by data regulations
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