With days before the 30 April “orientation date” for national capitals to submit their economic recovery plans to the European Commission for assessment, the EU’s economic powerhouses this week submitted their national reform and spending plans in order to get a share of the mammoth €800 billion post-COVID Recovery and Resilience Facility (RRF).  As the initial brains behind the landmark Recovery Fund, which, for the first time in EU history, will be funded by Member States’ joint debt, German Finance Minister...

This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe. | With a recent decision, the Italian Competition Authority (AGCM or “ICA”) brought renewed focus to the increasing intersection between consumer protection rules and personal data protection rules. Specifically, the ICA fined Telepass (a company providing payment systems and toll services to drivers) and its subsidiary, Telepass Broker, EUR 2 million for having received information about users from car insurance companies and brokers without adequately informing users...

On 26 April 2021, the Litigation Chamber of the Belgian Data Protection Authority (BDPA) handed down its first fine specifically for cybersecurity failures. This decision follows others where the Litigation Chamber considered cybersecurity failures as a factor among others (see e.g. decision of 22 January 2021), and it should serve as a signal for other organisations: all controllers and processors must ensure that the technical and organisational measures they have taken to keep personal data secure are appropriate. Otherwise, the bill...

The ambiguity around protecting data and regulatory compliance creates a tension for companies that they must navigate to stay competitive. The way personal data is collected and used by companies today has gone from a novel strategy to a business imperative. A company’s success — or demise — can depend on the kinds of data it maintains and how it utilizes this trove in all aspects of its operations. As data and data privacy evolve into valuable assets for businesses and...

Grassi is pleased to announce that Gramkow, Carnevale, Seifert, & Co., LLC has joined the Grassi family. This addition will more than double the number of Grassi partners and professionals serving clients and business partners out of our New Jersey office. Oradell-based Gramkow, Carnevale, Seifert & Co., LLC has a rich 37-year history of offering advisory, tax, audit, accounting and payroll services to family-owned and privately held businesses. Their professionals also meet a wide range of tax, estate planning, concierge...

If you follow our blog, you’ve probably heard of the term Edge Computing. Now, let’s present a similar concept, but related to Artificial Intelligence: Edge AI. Ten years ago, we would not imagine that Artificial Intelligence would be at today’s levels. Now, it is part of industries and even devices for customer service. The time has come to take a step forward. The new frontier is Edge AI. In today’s post, you will understand what this concept is and why you...

On April 14, 2021, the Department of Labor (DOL) issued guidance regarding retirement plan cybersecurity in the form of best practices for retirement plan service providers, best practices for the selection of service providers with strong cybersecurity practices, and online security tips for participants. While the DOL stopped short of providing any analysis or discussion of the standards that plan fiduciaries must satisfy and did not provide any safe harbor relief to retirement plans, the guidance is a welcome...