Health data under the microscope: Protecting your permanent records | Commercial Awareness Compass #70

Data protection has quietly become one of the most legally sensitive areas in the commercial world, where a single breach can cost a company 4% of its global turnover. At Bristows, getting this right is pivotal for the success of their clients who operate at the forefront of technology and life sciences. From advising social media giants on new features, to managing global regulatory enforcement, there is a constant struggle to keep pace with innovation while protecting people’s most sensitive data. This is a world where legal strategy and technical expertise work hand in hand and lawyers must have a detailed understanding of their clients. Lawyers must ask: what happens when two countries have completely opposite rules about where your data is held? How does the law protect data as permanent as your genetic code? And why does a pharmaceutical giant require more paperwork than a nimble startup?The Commercial Awareness Compass by AllAboutLaw, helps you build your commercial awareness every week with a beginners, intermediate and advanced breakdown of a story from an expert lawyer and trainee solicitor host. This story was taken from a live conversation a few months ago. If you don't want to wait for these conversations, head over to the Commercial Awareness Compass to get them straight to your inbox each week. 🚀 Boost your commercial awareness: https://www.allaboutlaw.co.uk/commercial-awareness-compass