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GDPR Compliance Preparation: A High-Stakes Guessing Game
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KaelynLowmaster
KaelynLowmaster,
User Rank: Author
8/25/2017 | 4:33:34 AM
GDPR v. CSL?
I'm curious whether compliance rates for China's Cybersecurity Law are progressing any more quickly than those for companies trying to navigate GDPR. Two very different emerging regulatory regimes to be sure (esp. as they relate to geographical reach - GDPR's extraterritoriality v. China's focus on domestic internet sovereignty), but the personal data they're seeking to govern is similar, as are the financial consequences for getting it wrong. Hopefully the longer runway for preparation will lead to fewer of the "cautionary tale"-type prosecutions you mention as possible for EU companies, but we're already seeing some investigations of big domestic players in China. I have a feeling the latter will be a much less consistent process, and that other juristictions will have a lot to learn from the differing approaches we're seeing with instituting GDPR v. CSL.
PeterMerkulov
PeterMerkulov,
User Rank: Author
8/29/2017 | 2:42:36 PM
Re: GDPR v. CSL?
You raise a good point about CSL. Whereas there has been much discussion and debate about GDPR, and the EU has promoted it and pushed for compliance preparation well in advance of next year's implementation, China's Cybersecurity Law was put into effect without much understanding within China, let alone among foreign businesses doing business in China. The NY Times wrote about the problem earlier this year: https://www.nytimes.com/2017/05/31/business/china-cybersecurity-law.html.


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