The Bermuda Post published an article on December 16th, 2020 on the EU Allowing Access to Private Data to Boost Innovation.
The initiative by the European Union proposes new rules to allow companies access to public and personal data to compete with large US and Asian companies and encourage innovation in climate change and health.
Key points:
- The rules proposed will grant business and research organizations access to data that would normally be restricted due to privacy, commercial confidentiality, or intellectual property rights. This will also allow people to donate their data for non-commercial research.
- The General Data Protection Regulation (GDPR) would apply for this circumstance and companies and public agencies would need to implement technical measures to ensure that privacy is respected. In this case, data would need to be anonymized before companies receive access to it.
- Internal Market Commissioner, Thierry Breton said the regulation would “help Europe become the world’s number one data continent” following his mention of the increasing role of industrial data in Europe’s economy.
- Participating companies would not be required to be located in Europe or store data in the region, but they would have to appoint a local representative to handle participation in the program. EU officials noted that those companies would also have to implement legal and technical measures to avoid having to comply with abusive or unlawful requests for data held in Europe from third-country authorities.
Reference: https://bermudapost.com/eu-to-allow-companies-access-to-private-data-to-boost-innovation
Contributed by: Jason Jacobs from Guyana. Jason is a member of the CCST Discord group from the G5 Cyber Security Foundation Ltd. Learn more about CCST (Caribbean Cyber Support Team) by visiting caribbeancst.org. CCST is a collaborative group on the Discord platform for Caribbean people in IT, from beginners to experts.