TrustArc Blog

Industry Leaders Discuss Impact of EU GDPR at ‘EU Data Protection 2015 – Regulation Meets Innovation’

December 09, 2015

EUevent2015_1

Privacy professionals, EU regulatory experts and Silicon Valley business leaders convened on Tuesday, Dec. 8 to discuss the impact of the soon-to-come EU General Data Protection Regulation (EU GDPR).

The all-day event on Tuesday, “EU Data Protection 2015 – Regulation Meets Innovation” featured six breakout sessions, four panel discussions and keynote presentations from Giovanni Buttarelli, European Data Protection Supervisor and Andrea Glorioso, Counsellor for the Digital Economy, EU Delegation to the U.S.

Attendees packed every session and listened to experts in their respective fields explain what could be expected as the EU GDPR deadline approaches. The day was filled with lively discussion regarding the EU GDPR, Safe Harbor, international data transfer mechanisms, APEC, responsibilities for data processors, how companies can navigate global privacy requirements and more.

EUDataevent20152

The EU GDPR is making headlines because it’s the most significant data privacy regulation in the last 20 years. The GDPR places new obligations on any business that handles the data of EU citizens, no matter where the business is located. It is expected to be finalized by the end of 2015 with an initial announcement expected as soon as next week.

Discussing and understanding the possible implications for the EU GDPR is extremely important for all businesses. Just last month, TRUSTe conducted a survey asking companies if they were aware of the GDPR and how they were preparing to comply. Surprisingly, only half of companies surveyed were aware of the proposed changes. Of companies that were aware, 83% had allocated budget to address the changes, and 21% allocated a half a million dollars or more. However, the other 50% were not even aware of the GDPR – a concerning statistic considering we’ll likely see the final version by the end of this year.

EUData20154

EUData20155

Thank you to our speakers and sponsors. This event would not have been possible without your support!

Speakers included: Giovanni Buttarelli, European Data Protection Supervisor; Elizabeth Dwoskin, Technology Reporter for The Wall Street Journal; Barbara Mangan Sondag, Privacy Counsel, North America, eBay, Inc.; Hilary Wandall, AVP Compliance & Chief Privacy Officer, Merck & Co., Inc.; Jack Yang, Associate General Counsel, Vice President, Head of Data Use and Privacy, Visa, Inc.; Phil Lee, Partner & Head of U.S. Office, Fieldfisher; Ann LaFrance, Partner, Squire Patton Boggs; Stuart Lacey, CEO & Founder, Trunomi; Christian Wiese Svanberg, Attorney-at-Law, Plesner Law Firm; Tom Widgery, Director of Privacy and Information Security Governance, SVB Financial Group; Robert Stankey, Partner, Davis Wright Tremaine; Dennis Dayman, Chief Privacy & Security Officer, Return Path; Dr. Kai Westerwelle, Partner, Taylor Wessing; John Franklin, Head, Technology.Media.Telecommunications, FTI Consulting; David S. Turetsky, Partner, Akin Gump Strauss Hauer & Feld LLP; Joel Wallenstrom, Group Managing Director, Domain Services at NCC Group; Martin Abrams, Executive Director and Chief Strategist, Information Accountability Foundation; Anick Fortin-Cousens, Global Privacy Officer, IBM; Josh Harris, Director of Policy, TRUSTe; Krysten Jenci, Director, Office of Digital Services Industries, Team Lead, Data Flows and Privacy Team, International Trade Administration; Andrea Glorioso, Counsellor for the Digital Economy, EU Delegation to the U.S.; Jill Bronfman, Director of Privacy and Technology Project, University of California Hastings College of the Law; John Bowman, Senior Principal, Promontory Financial Group; and Chris Babel, CEO, TRUSTe.

Sponsors and partners include: Davis Wright Tremaine LLP, FTI Consulting, National Cybersecurity Alliance, Online Trust Alliance (OTA), PactSafe, Squire Patton Boggs, TaylorWessing and Trunomi,

To read about future TRUSTe events, visit our upcoming events page or subscribe to the TRUSTe blog.

EUGDPReventbook