How to Prepare for and Prevent Data Falsification Issues
In September 2015, news broke that Volkswagen had manipulated software on its diesel engine vehicles to avoid emissions requirements, a disclosure that led to the largest data falsification case in history. To date, the company has spent more than $34 billion in fines and settlements to deal with the crisis. In addition, a number of its senior executives have either pleaded guilty or been indicted in the United States. But Volkswagen was just the start. For Japanese companies alone, there have been a rash of data falsification cases.
The General Data Protection Regulation: Key Requirements and Compliance Steps for 2018
The General Data Protection Regulation (GDPR) is the biggest story of 2018 in the field of global privacy and cybersecurity. McDermott has covered both the requirements and immediate impact of GDPR before, but its key points bear repeating. The GDPR is enforceable in all EU Member States since May 25, 2018 and expand the territorial scope of EU data protection law. The new regulation introduces numerous changes that will affect businesses’ data processing operations and the way it deals with suppliers, customers and employees. It expressly applies to organizations/ entities established outside the European Union that offer paid or free goods or services to EU data subjects or monitor EU data subjects’ behavior. This gives the GDPR global reach, requiring compliance from organizations around the world, notably in Japan.