Hyperproof Summary: the drumbeat for more regulation on the tech industry continued Tuesday with an important new note; regulatory standards are being dictated outside the U.S. Apple CEO Tim Cook expressed a lack of confidence that the U.S., “would come up with smart, non-destructive regulations.” He pointed to Europe as the likely candidate, saying that the General Data Protection Regulation (GDPR)—which has caused sweeping changes for companies online and historic fines for Google and Facebook—isn’t ideal, but “a step in the right direction.”
What’s the compliance takeaway for U.S. companies?
- Regulation is coming. Calls for further regulation, despite the current administration’s position, continues to grow
- International influence. Increasingly, regulatory policy is being dictated outside of the U.S.
- Time to value. An adaptive and nimble compliance solution is necessary for companies international exposure