Serious Privacy The Business Side of Privacy: Money, Mergers, and Mandates
Personal data can often be a complicated side to critical business activities, such as mergers and acquisitions and bankruptcy. Since the beginning of the year, the world has been dealing with a global health crisis. But unfortunately, that is not the only crisis the world will be dealing with this year - by now it is clear our economy will take a serious hit as well. Companies will go under, or else may become targets for mergers and acquisitions while in a weakened state. That also may have an impact on the data holdings of organisations. Can sets of customer, employee and third-party data just be handed over from one company to the other, or sold to the highest bidder to return some money to investors? These highly impactful business activities, that are often executed rapidly, are not the times to overlook critical data allowances and restrictions.
In this episode, we put these tough issues to Constantine Karbaliotis, a privacy veteran who has managed these issues for companies. Join us as we discuss how companies can prepare for and manage privacy issues in M&A and bankruptcy. We also took the opportunity to ask him for a Canadian’s perspective on the new CCPA regulations that have been filed with the California Office of Administrative Law.
Resources:
- EDPB - Statement on the Data Protection Impact of Economic Concentration
- EDPB - Statement on Privacy Implications of Mergers
- Dutch DPA - Guidance on data processing in a bankruptcy situation (NL)
- CCPA Regulations filed https://oag.ca.gov/sites/all/files/agweb/pdfs/privacy/oal-sub-final-text-of-regs.pdf
- Privacy and Data Security in Mergers & Acquisitions Solutions Brief
If you have comments or questions, find us on LinkedIn and Instagram @seriousprivacy, and on BlueSky under @seriousprivacy.eu, @europaulb.seriousprivacy.eu, @heartofprivacy.bsky.app and @igrobrien.seriousprivacy.eu, and email podcast@seriousprivacy.eu. Rate and Review us!
From Season 6, our episodes are edited by Fey O'Brien. Our intro and exit music is Channel Intro 24 by Sascha Ende, licensed under CC BY 4.0. with the voiceover by Tim Foley.