Enterprises need to prepare for DOJ data rule
A recent data rule from the U.S. Department of Justice should prompt enterprises to plan mapping exercises to determine where data is flowing. The DOJ’s National Security Division began enforcing its new Data Security Program on April 8, aiming to prevent adversaries from accessing sensitive American data. The article provides critical insights for businesses to ensure compliance and avoid hefty penalties.
Key Points
- The DOJ’s Data Security Program targets data brokers and major foreign adversaries including Russia and China.
- For the first 90 days, there’s a lenient enforcement policy, allowing companies to demonstrate good faith compliance without immediate penalties.
- Companies must assess data practices and prepare for possible civil or criminal penalties, which can include significant fines and imprisonment.
- Data brokerage is broadly defined, affecting many business arrangements involving sensitive personal data.
- Thresholds for sensitive data collection include human genomic data from 100 U.S. persons and personal financial data from 10,000 U.S. persons.
Why should I read this?
If you’re in the business world, this is a must-read! The DOJ’s new data rules aren’t just regulatory fluff; they’re a wake-up call for enterprises to get their data-sharing practices in check. Understanding these regulations can save your company from massive fines and legal trouble. Plus, you’ll want to be ahead of the curve in ensuring data privacy and compliance before the hammer comes down.