The Chinese government released draft rules that, if passed, would require foreign companies to “apply for permission to transfer data out of the country.” The rules would allow the government to review any data package over 1TB or with information on more than 500,000 people, and potentially block it from leaving China.
A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news agency reported, setting a precedent for the way foreign internet firms operate in the country. Russia’s Roskomnadzor communications watchdog has said LinkedIn, which has more than 6 million registered users in Russia, was violating a…
Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues. Source: Regulatory Ambiguity Is Slowing Bank Adoption of Cloud Services | Bank Think
While it is clear that the regulators still expect Russian personal data to be stored in Russia, companies may have more of a grace period to cure instances of noncompliance than originally expected, so long as they are making a good faith effort to comply. That said, the relatively low rate of violations may reflect…
The ECJ ruling invalidating Safe Harbor has spurred a move to store data within the EU. Data localization can mitigate EU privacy compliance risk- if properly implemented. It’s likely that any type of access from outside the EU will be regarded as a transfer under EU law. It’s also likely to give access to U.S.…
PayPal has been forced to suspend its operations in Turkey after its payment license application was denied by the country’s financial regulator. PayPal said that all payment services in the country will be suspended on June 6 due to a new rule requiring that IT systems of companies operating in Turkey be localized in the…
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