Jonathan’s 5 trends are:
- Militancy – including with SARs, cookies & threatened class actions.
- Enforcement – there’s more than 782 fines to date under GDPR with more than €294m in fines. Fines aren’t just for security issues e.g. fines have been levied for transparency and fairness too including the H&M €35.2m fine https://bit.ly/hamburgfine.
- A concentration on who you do business with & where – this inevitably includes a discussion of the Schrems litigation (see bit.ly/pshielddead). There’s also a concentration on better due diligence. There’s enforcement here too e.g. Mailchimp DPA action (https://bit.ly/32vW2pD); the Portugal Cloudflare case (https://bit.ly/locategdpr) and the Amazon civil action (https://bit.ly/berlindp).
- Security – ransomware is a big concern currently (there’s a more detailed analysis of the issues from Cordery here bit.ly/cvransom). There are new threats too including cybershorting to move a listed entity’s share price and ‘reward’ the gang through trading margins.
- Customers – we’re seeing more concentration on supply chains and that includes questionnaires, RFP questions and contracts. Data protection can be a differentiator and it can affect value for example on a corporate transaction – see for example our thoughts on the Marriott case https://bit.ly/marriottgdpr. The extension of the NIS regime is likely to accelerate this trend https://bit.ly/NISreg2.
You can find out more about Jonathan and his background here https://www.corderycompliance.com/our-people/jonathan-armstrong/.
You can watch more films from Cordery including our popular Head to Head interviews here http://bit.ly/corderytv.
|Jonathan Armstrong, Cordery, Lexis House, 30 Farringdon Street, London, EC4A 4HH|
|Office: +44 (0)207 075 1784|