A 'Must Know' Act for 2024

In light of the previous Tech News Thursday article, where the newly adopted Regulations were being discussed as well as their applicability to the world of technology, one should take a deep dive into the area of law that has been recently adopted into EU legislation.

Briefly shedding light on the Data Act in our previous article, (31) EU Technology Regulations for 2024: What does this mean for your business? | LinkedIn, it has been a recent development (as of January 11th 2024 in Data Act enters into force: what it means for you - European Commission (europa.eu)) that the European Commission has in fact adopted the new law that harmonises the use (and accessibility) of individual data within the European data community.

It is certain that you, reading this article, have already shared personal data about yourself to be able to access software such as LinkedIn and gain access to this news article, regardless of where you are located. Provided that you are based within the European data community, this new Act ensures that there are conditions applicable to business-to-business data sharing on a broader scale (sets in stone safeguarding to ensure there is no possibility of unlawful data transfers); requirements in regards to data spaces interoperability; data sharing agreements; ensures fairness; accessibility to data; and further opportunities for data-driven innovation.

Ultimately, this Act allows one to have more control over their data as well as implement safeguarding to restrict the possibility of unlawful data transfers executed by service providers.

Taking into account previous articles such as (31) Will Law Firms be at risk of becoming Victims to Hackers? | LinkedIn and (31) The Dangers of the Northern Ireland Police Force Data Breach | LinkedIn, do you think the UK should adopt a measure similar to the EU measure to limit unlawful data transfers within the country? Let's discuss.

See also:

Data Act: Council adopts new law on fair access to and use of data - Consilium (europa.eu)

Data Act – Questions and Answers* (europa.eu)