AMERICA rarely looks to the bureaucrats of Brussels for guidance. Commercial freedom appeals more than dirigisme. But when it comes to data privacy,the case for copying the best bits of the European Union’s approach is compelling.
The General Data Protection Regulation (GDPR) is due to reach into force next month. It is rules-heavy and has its flaws, but its premise that consumers should be in charge of their personal data is the correct one. The law lets users gain access to, and to correct,information that firms hold on them. It gives consumers the correct to transfer their data to another organisation. It requires companies to define how they keep data secure. And it lets regulators levy spacious fines if firms break the rules.
America has enacted privacy rules in areas such as health care. But it has never passed an overarching data-protection law. The latest attempt, the Consumer Privacy Bill of Rights, and introduced in 2012 by the Obama administration,died a slack...
Continue reading
Source: economist.com