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Unlocking Data Portability: Empowering Individuals & Simplifying Processes.  Explore our latest blog to understand how GDPR’s right to data portability enhances user control and operational ease for organizations. Read the full article: https://lnkd.in/dh9E95YF #DataPortability #GDPRInsights #DataEmpowerment

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 𝗟𝗮𝘄 𝗤&𝗔 𝑸𝒖𝒆𝒔. What is Data monopoly❓ 𝑨𝒏𝒔. Data monopoly refers to a situation where a single entity or a small group of entities have exclusive control over a large portion of valuable and critical data within a specific market or industry. Data monopolies can arise due to various factors, such as a company's ability to collect vast amounts of data from its users, customers, or other sources, and their capability to leverage that data to gain a competitive advantage. Such monopolistic control over data can have significant implications for competition, consumer choice, and privacy. 🚀Key characteristics of a data monopoly include: 1️⃣ 𝗟𝗮𝗿𝗴𝗲 𝗗𝗮𝘁𝗮 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻: The entity possesses extensive and diverse data collected from various sources, including user interactions, behaviors, preferences, and other relevant information. 2️⃣ 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗮𝗻𝗱 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗶𝘁𝘆: The entity exercises significant control over the data it collects and may restrict access to it by competitors or third parties. 3️⃣ 𝗕𝗮𝗿𝗿𝗶𝗲𝗿 𝘁𝗼 𝗘𝗻𝘁𝗿𝘆: The sheer volume and quality of data held by the entity can create significant barriers to entry for potential competitors, making it challenging for new entrants to replicate the data advantage. 4️⃣ 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗼𝗺𝗶𝗻𝗮𝗻𝗰𝗲: The entity's control over valuable data translates into a dominant market position, allowing it to influence market dynamics and potentially stifle competition. 5️⃣ 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗔𝗯𝘂𝘀𝗲 𝗼𝗳 𝗗𝗮𝘁𝗮: A data monopoly may have the power to exploit data for anti-competitive practices, such as excluding competitors from accessing critical data or engaging in practices that limit consumer choice. Data monopolies have gained increasing attention from regulators and policymakers due to concerns about their potential impact on competition and innovation. Recently, the Court of Justice of the European Union observed that non compliance with the General Data Protection Regulation ('GDPR') can be a factor to establish abuse of dominant position. It is important for regulators to address data monopolies and find the right balance between fostering innovation and competition while safeguarding consumer privacy and data protection. Additionally, promoting data portability and interoperability can play a role in mitigating the negative effects of data monopolies by allowing users to switch between platforms and encourage competition in data-driven industries. #competitionlaw #data

🔒 Data Subject Requests (DSRs) can cost a business 1000+ € 💸 and keep them busy for weeks! The GDPR (and now other regulations) empowers individuals to request access, correction, erasure, transfer, or deletion of their personal data through a DSR. Unfortunately, disgruntled clients and even ex-employees can exploit this by seeking revenge and knowing the financial burden it places on companies (https://lnkd.in/ej47eSWP) But here's some good news! During my partnership training, I discovered mParticle, along with Amplitude and others, launched OpenDSR in 2018, a common framework for GDPR compliance. OpenDSR simplifies data subject request management by providing: ✅ A well-defined JSON specification ✅ Strong cryptographic verification of request receipts ✅ A callback mechanism for tracking DSR status However, adoption of this framework has been stagnant over the past three years 🙁. Let's turn this around and take action 💪! Implementing frameworks like OpenDSR is a significant step toward ensuring GDPR compliance for all parties involved, making data subject request management efficient and reliable. It's a win-win-win situation for controllers, processors, and data subjects! Join me in supporting this great initiative, which will help the entire ecosystem navigate data subject requests in a post-GDPR world. What's your go-to strategy when faced with a DSR? Share your thoughts in the comments below! Let's engage in a discussion and learn from each other. 🔗 Learn more about OpenDSR: https://lnkd.in/eNCnRkyE

Data is a powerful currency, but as organisations have access to more data, safeguarding personal information whilst adhering to data protection regulations becomes paramount. Failure to comply with laws, such as GDPR and the Data Protection Act, can lead to hefty fines, reputational damage and an erosion of customer trust. So how do you ensure stakeholders are happy and your organisation remains compliant, all while fulfilling your data potential? Click the link below to read our recent blog post, outlining the dos and don'ts of data consent and data processing. 👇🏻 https://lnkd.in/ewW7MUDt #Equantiis #consultant #datastrategy #dataprocessing #dataconsent #datagovernance #data

The EU Data Act (EDA), which sets out new data sharing rules that will apply in respect of connected products, came into force on 11 January 2024. While its provisions will not be applicable for a while yet, businesses are likely to need the intervening period to scope out, and plan for, the impact that the EDA will have on their product designs, commercially sensitive information, terms and conditions, costs and GDPR compliance. This briefing takes a closer look at these areas of key concern to data holders. Read the full briefing on our website: https://lnkd.in/evEDApFM #EUDataAct2024 #DataSharingRules #PreparationForEDA

This is the latest data protection digest from TechGDPR We continue to show on our page and bring to your attention different newsletters on #datacompliance, #dataprotection, #infosec and #ai from different companies and authors. It is for you to decide which one we will share on a regular basis. We will select a few based on your feedback. #privacypros #gdpr #gdprcompliance #privacybydesign #privacybydefault #informationsecurity #future

GDPR compliant data built just for YOU. That’s Genius. 🔴 Get EU data that keeps revenue teams on goal and in compliance... Go Here: → https://lnkd.in/g-K9rmhw What if you had the ability to go into new markets and speak to prospects that no one else has?… Sounds Genius. The Schrems II ruling has profound implications for B2B SaaS companies targeting EU citizens. This decision nullifies the Privacy Shield Framework, necessitating new standards of data protection for EU customer data. Schrems II highlights the critical importance of GDPR compliant data, which refers to data handled according to GDPR principles such as lawfulness, purpose limitation, data minimization, accuracy, storage limitation, and integrity. Adhering to these principles is essential for businesses prospecting to EU citizens. Precise, accurate, and hyper-targeted data not only prevents hefty fines but also builds trust with your EU prospects. LeadGenius provides a solution to these challenges. Our commitment is to offer meticulously gathered, validated, and enriched data ensuring the highest quality and compliance. LeadGenius leverages AI and a global human workforce to collect, verify, and enrich data, ensuring it's accurate, current, and GDPR compliant. Our data is not only lawful but also fair and transparent, meeting all GDPR requirements. Choosing LeadGenius means partnering with a company that prioritizes data privacy, respects your customers, and understands the complexities of evolving data privacy regulations. Turn the Schrems II decision from a challenge into a strategic advantage. Choose LeadGenius for GDPR compliant data solutions you can trust. Get the data you need to dominate in the EU without the worry of compliance or complaints. LeadGenius has data sourcing methods that can insure safe data sourcing and storage. Go Here: → https://lnkd.in/g-K9rmhw #GDPR #SchremsII #DataPrivacy #LeadGenius #B2B #SaaS

Our latest data protection digest highlights different aspects of complex data-sharing projects for both public and private actors, as well as a variety of official guidance on how to comply with GDPR when it comes to innovation, research, digitisation and digital business development. On the legislative level, the EU has adopted the Data Act, one of the five laws included in its Data Strategy package. Meanwhile, the UK government exploring its post-Brexit opportunities is pushing a set of changes to the domestic data protection legislation for 2024. In the US, the first panel of judges for a new court, mandated by the EU-US Data Privacy Framework was formed - to manage claims from individuals in the EU. The French data protection authority issued a methodology guide for the use of application programming interfaces for all actors in the data-sharing chain. The Swedish data protection authority issued a guide for public actors working with innovation, based on cross-functional collaboration and ongoing data governance work. The German data protection regulators looked at how to improve data protection in complex research projects and which GDPR-governed legal bases are more suitable for using AI. The Luxembourg government is preparing privacy-invasive Digital Mobility Observatory legislation, warns the country’s data protection regulator. More European guidance was also issued on data processing operations in the medico-social sector and streaming services. In the recent enforcement decisions, we found an analysis of a case of non-retroactivity of data processing agreements, as well as a case of excessive collection of “waste data” linked to individual households via smart remote technology, plus outdated TOMs at a labour and welfare service, with employees’ uncontrolled use of the IT system. Also in this issue, the US NIST has released for public comment a draft report on data classification concepts and considerations for improving data protection. Finally, in the UK, four organisations are suing NHS England for awarding the US tech company Palantir a contract to run the multi-million patient database for seven years. Read more updates on how to obtain a copy of your data, customer-related best compliance practices, TOMs latest catalogue, and OLIVIA compliance tools. #gdprcompliance #usertracking #profiling #aidevelopment #healthdata #apistrategy #dataminimisation #researchdata https://lnkd.in/epU8SEU4

📢 Is your MarTech strategy privacy-proof? In today's landscape, customer trust is paramount. Learn the strategies you need to ensure compliance and responsible data practices. #DataPrivacy #MarTech #GDPR #Compliance https://lnkd.in/eBxKXcn6

Are you using customer data responsibly? 👀 With all the MarTech tools out there, it's easy to slip up on data privacy. Get the tips you need to protect your customers AND your reputation.