The European Union has been pushing global perceptions of data protection and privacy since the General Data Protection Regulation (GDPR) went into effect in 2018. Currently, the 27-nation bloc is also pushing boundaries by considering the world's first legislation policing the use of artificial intelligence (AI). The EU's readiness to adopt new restrictions on technology, social media, and data sharing creates challenges for companies all over the world, including Big Tech companies like Google and Amazon, with many choosing to adjust their products and strategy to comply with the EU's stringent requirements.
Constangy partner and Cyber team member, Jordan Fischer, recently spoke to Yahoo Finance on the impact of the EU's standards on the global business landscape. "We've seen businesses say, ‘I'm going to build my products, my widgets, my service, to align with the most restrictive guidelines and not have different jurisdictional approaches,'" she says.
Although pressure from the EU has caused a major strain on many countries outside of Europe, U.S. companies may soon get relief with the newly formed Trade and Technology Council. "I think that makes a lot of companies breathe a little bit easier. Not easy. But easier," Jordan says.
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Jordan Fischer is a partner and cyber attorney who focuses her practice on of compliance with state, federal, and global data privacy regulations. She advises clients on a variety of regulations, including but not limited to the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA)/California Privacy Rights Act (CPRA), the Illinois Biometric Privacy Act (BIPA) and other biometric privacy laws, the Fair Credit Reporting Act (FCRA), and the Driver’s Privacy Protection Act (DPPA). She also counsels on global data breach standards and privacy frameworks such as International Standards Organization (ISO) 27001 and 27701, the National Institute of Standards and Technology (NIST), and the Payment Credit Card Industry Data Security Standard (PCI DSS). Jordan is a globally recognized thought leader in the data security and privacy space and the host of the American Bar Association's podcast, 'Cybersecurity and Data Privacy: The New Frontier.'