25 Jul New EU Privacy Laws Compels Canada to Update Its Privacy Regulations
Canada – A report last Monday detailed how Canada’s privacy laws were called out for re-examination following Europe’s upcoming General Data Protection Regulation (GDPR) in 2018.
Cyber privacy law experts expressed concern, saying Canada must update its stance and regulations on privacy because the new regulations are far more rigorous than previously held in many nations.
The GDPR is predicted to have a huge effect on the market, especially to service providers who collect and store information about consumers. This is particularly prevalent in the advertising industry with agencies working with clients in Europe.
The new laws will limit the gathering of customer data and allow customers to ask why their details are being collected. It also enables them to refuse their data.
Experts believe it’s crucial for Canada to uphold its adequacy status, paving the way for secure and smooth transactions. Otherwise, Canada may have limited partnerships with firms throughout Europe.
Source: The Globe and Mail