By Dr. Eric Cole, Advisor – Theon Technology
Since 2018, there has been serious discussion of a new national privacy law promising Americans enhanced data protection, much like the European Union’s General Data Protection Regulation (GDPR). Nearly five years later, the US is still the only prominent actor in the world without an established federal data protection. In the US, we have always relied on state-level and local laws such as the California Consumer Privacy Act (CCPA), coming into effect on January 1st, 2023, as opposed to the government proposing something that serves the nation in its entirety. It’s a step in the right direction that Congress is finally acting and is putting a law in motion that will protect US citizens, our information, and precious data. However, the proposed bill is not without potential flaws and implications; some may even argue the proposed bill falls short of the protections already in place at the state level. In addition, the law would fall under the scope of the Federal Trade Commission (FTC), which means that the law would only cover existing issues already addressed by the FTC. These issues include identity theft, children’s privacy, consumer fraud, and only some cybersecurity issues.
Whatsmore, as we embark on the new year, we expect to see a spike in regulation across the country. As we see California implement CCPA, other states will begin to follow suit. At a national level, we will see a rollout of new stricter regulations, and business leaders must