What framework allows US companies to certify compliance with EU privacy laws?

The Privacy Shield framework, governed by the U.S. Department of Commerce and Federal Trade Commission, allows U.S. companies to certify compliance with EU data protection law.

What industry is most directly impacted by the provisions of the Gramm Leach Bliley Act?

We find that the law has a differential impact across the financial services industry. All three industries have gained due to this law with commercial banks benefiting most, followed by the insurance industry.

Which compliance obligation relates to the processing of credit card information?

Payment card industry (PCI) compliance is mandated by credit card companies to help ensure the security of credit card transactions in the payments industry.

Which one of the following is the comprehensive EU law that governs data privacy that was passed in 2016 and goes into effect in 2018?

The General Data Protection Regulation (GDPR), agreed upon by the European Parliament and Council in April 2016, will replace the Data Protection Directive 95/46/ec in Spring 2018 as the primary law regulating how companies protect EU citizens’ personal data.

What is the main purpose of the Gramm-Leach-Bliley Act quizlet?

The GLBA’s purpose was to remove legal barriers preventing financial institutions from providing banking, investment and insurance services together.

What is the main purpose of the Gramm-Leach-Bliley Act?

The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.

Which one of the following is the comprehensive EU law that governs data privacy?

The EU General Data Protection Regulation (GDPR), which governs how personal data of individuals in the EU may be processed and transferred, went into effect on May 25, 2018. GDPR is a comprehensive privacy legislation that applies across sectors and to companies of all sizes.

What are the European Union’s main policies?

The aims of the European Union within its borders are: promote peace, its values and the well-being of its citizens. offer freedom, security and justice without internal borders, while also taking appropriate measures at its external borders to regulate asylum and immigration and prevent and combat crime.

What is the European Union’s General Data Protection regulation?

The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information from individuals who live in the European Union (EU).

Which regulation governs the DOD privacy program?

The Privacy Act (5 U.S.C. 552a, as amended) can generally be characterized as an omnibus “Code of Fair Information Practices” that regulates the collection, maintenance, use, and dissemination of personally identifiable information (PII) by Federal Executive Branch Agencies.

Which of the following does the EU General Data Protection Regulation not require?

The GDPR does not apply if: the data subject is deceased. the data subject is a legal person. the processing is done by a person acting for purposes which are outside his trade, business, or profession.

What type of protection does the European Database protection directive provide?

Benefits of the Data Protection Directive

The Data Protection Directive was created to protect personal data both when responsible parties operate within the EU and also when controllers use equipment in the EU to process personal data.

What is the Privacy Act 1974 cover?

The Privacy Act of 1974, as amended to present (5 U.S.C. 552a), Protects records about individuals retrieved by personal identifiers such as a name, social security number, or other identifying number or symbol.

What is not personal information under the Privacy Act?

For certain provisions of the Privacy Act, personal information does not include: certain professional information about an individual who is or was an officer or employee of the federal government.

Which action requires an organization to carry out a privacy impact assessment?

Section 208 of the E-Government Act of 2002 requires all Federal government agencies to conduct Privacy Impact Assessments (PIA) for all new or substantially changed technology that collects, maintains, or disseminates personally identifiable information.

What are 3 aspects of privacy covered by the Privacy Act?

The Information Privacy Act includes a set of Territory Privacy Principles (TPPs) that cover the collection, use, disclosure, storage, access to, and correction of, personal information.

What is covered under the Privacy Act 1988?

The Privacy Act 1988 (Privacy Act) is the principal piece of Australian legislation protecting the handling of personal information about individuals. This includes the collection, use, storage and disclosure of personal information in the federal public sector and in the private sector.

Which of the following statements about the Privacy Act of 1974 is true?

All of the Statements are true about the Privacy Act. Personal information collected, used and disclosed by the Federal Government are governed by the Privacy Act.

What are the 5 objectives of the Privacy Act 1988?

the collection, use and disclosure of personal information. an organisation or agency’s governance and accountability. integrity and correction of personal information. the rights of individuals to access their personal information.

What are the exceptions to the Privacy Act regarding consent?

Exceptions include: the individual consented to a secondary use or disclosure (APP 6.1(a)) the individual would reasonably expect the secondary use or disclosure, and that is related to the primary purpose of collection or, in the case of sensitive information, directly related to the primary purpose (APP 6.2(a))

Which among the following acts and practices of organisations are exempt from the coverage of the Privacy Act?

These exempt entities include small business operators, registered political parties, agencies, state and territory authorities, and prescribed state and territory instrumentalities. 33.13 Certain acts and practices of organisations also fall outside the operation of the Privacy Act.

What does the Privacy Act 1988 require in regard to the security of personal information?

This ‘Guide to Securing Personal Information’ (Guide) provides guidance on the reasonable steps entities are required to take under the Privacy Act 1988 (Cth) (Privacy Act) to protect the personal information they hold from misuse, interference, loss, and from unauthorised access, modification or disclosure.