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HL Chronicle of Data Protection Privacy & Information Security News & Trends

Tag Archives: safeguards

Posted in International/EU Privacy

Future-Proofing Privacy: International Data Transfers 2.0

Part 9 of Future-Proofing Privacy: Future-Proofing Privacy: International Data Transfers 2.0. The Data Protection Directive and the Regulation both impose restrictions on the transfer of personal data by EU based businesses (whether those businesses are data controllers or data processors) to destinations outside the EEA. These restrictions, however, have not been uniformly implemented by EU Member States. In some Member States additional requirements apply, such as prior notification to or approval by the local DPA, particularly where companies wish to rely on EU Model Clauses or BCRs. This approach is essentially set to continue
with some variations.

Posted in Financial Privacy

Financial Services Industry Group Issues Social Media Guidance

A financial services industry group recently released guidance on managing the risks associated with using social media such as Facebook and Twitter. The guidance, titled “Social Media Risks and Mitigation,” was released this week by BITS, a division of the Financial Services Roundtable, which represents 100 of the largest financial services companies. The guidance includes tips on managing numerous concerns specific to financial institutions, which are increasingly using social media in their marketing and customer relationship activities.