COO Appraises the Positives and Negatives of Europe’s New Data Law
Europe transformed data standards with their General Data Protection Regulation implemented in the EU last year. A year later, Chargebacks911® COO Monica Eaton-Cardone and several fellow data security experts offer their impressions of the rule so far for the Netwrix blog.
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The data security experts consulted each had a different take regarding GDPR’s impact. Douglas Crawford of ProPrivacy.com posited that it would force companies to be cognizant of consumers’ rights to privacy. Sweeney Williams of Vision Critical says GDPR’s greatest benefit is on consumer behavior.
For her part, Monica was less resolute about the policy’s long-term ramifications. “Although GDPR helped some businesses grow, there were thousands of complaints with regards to the lack of proper transparency, which wasn’t a surprise,” she says. “After all, at the time GDPR went live, few merchants had the infrastructure in place to parse data with as much detail as GDPR demands, and few do even now.”
“Communication between data subjects could change over time to help secure our privacy for the years to come. However, it’s yet to be seen how that will impact fraud in the long term, as we may have increasingly limited access to consumer data.”