Question

In: Economics

What are the pros and cons of existing U.S. data privacy laws and why do you...

What are the pros and cons of existing U.S. data privacy laws and why do you support or oppose reforming these laws with an alternative such as the GDPR?

Solutions

Expert Solution

Privacy and data protection laws create a safer environment for everyone and our personal data. Most of the privacy and data protection laws have aims of making individuals and their personal information safer. American data protection law is safer as compared to many other countries. It provides complete safety and the citizens rely on the laws with their personal information. But problems occur when cyber crimes occur. These are yet be stopped.
The scope of data protection laws and privacy is basically to ensure free flow of personal data between the citizens, while keeping it safe and encrypted. Constant fluctuations in socio-economic and technological contexts make aim to these challenges. Keeping up with the technological laws and economic development creates frustrations for consumers as well as companies.
GDPR, i.e., General Data Protection Regulation ensures a simplification of regulatory environment and standards. It poses burden and cost for the companies as well. Free flow of information in the country might be affected by the obligations.


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