2022 Privacy Trends: Pay Heed Now
In this blog post taken from a Thomson Reuters Practical Law article, Jeffrey D. Neuburger and Jonathan P. Mollod of Proskauer Rose, along with Mel Gates, Senior Legal Editor at Practical Law, discuss the fast-changing privacy and data security risks and legal obligations challenging many organizations and their counsel. "The focus for compliance professionals is on the GDPR, CCPA, and deadlines for new and/or updated state laws and regulations," they write. "And even though some state mandates do not take effect until 2023, the CPRA's longer look-back requirement for consumer access requests makes compliance attention now a smart move."
Looking at early 2022, they see state legislatures working to fill the gap left by the lack of federal data privacy regulation, with varying approaches likely to increase the burden of an already complex compliance regime, citing some trends worth watching, including: consumers’ heightened privacy expectations, especially for sensitive financial, genetic, health, and location data; the FTC’s evolving priorities, including closer scrutiny of the relationship between market power and consumer data privacy harm; the continued global attention on cross-border data transfers; organizations’ ongoing need to manage their own and supply chain cyber-risks; and cybercriminals’ increased targeting of digital assets such as NFTs and cryptocurrency holdings.
For much more, check out "Trends in privacy and data security: Looking back at 2022 and ahead to 2021".
Published April 11, 2022.
