The digital economy is data-driven. Regulatory violations can result in reputational damage and hefty fines in areas such as cloud computing, the Internet of Things, social media and big data analytics. EY`s Digital Law team can help clients identify areas of risk and address the challenges of transformative change, taking into account the legal aspects of regulation as it relates to digital transformation, both in general and in industry, in the following areas: EY`s Digital Law team can help you identify areas of digital risk and address legal challenges in the following areas: master: In practice, the ability of digitalization to cross borders is part of its appeal. However, the laws are based on a defined world with borders and ever-changing laws regarding privacy, commerce, transactions, intellectual property, cryptocurrencies, etc. A company`s digital platform is a bridge to its customers, and with it, a company must confirm that it not only complies with e-commerce laws and regulations, but also protects its interests when entering into contracts through its digital platform. EY`s integrated legal and tax services are particularly important because the tax and legal aspects of an online business are closely linked and can help clients: digitalisation is changing the relationship between businesses, individuals and governments. Digital transformation requires companies to be wary of regulatory sanctions and reputational risks, at the rapid pace that digitization allows. Regulations on taxis, hotels and financial services are illustrative examples where the new business models of the digital economy and the sharing economy collide with regulations. Digitalisation often makes human labour redundant and triggers concrete labour law problems. EY`s network of legal and IT security professionals, which spans more than 80 jurisdictions, allows us to cover privacy and cybersecurity issues worldwide, including: Compliant privacy practices are a key element of corporate governance and accountability.
Concerns about negative publicity are a key factor in companies` efforts to facilitate data protection compliance. Intangible assets such as intellectual property, data, brands and technology are of increasing strategic importance to businesses. To reach their full potential, companies need to recognize how different regulations are in operational environments. International intellectual property and technology issues include: Digitalization is changing the legal and contractual relationships between businesses, individuals and governments. As more and more data is collected, stored and shared electronically, not only new monetization opportunities are emerging, but also new risks and responsibilities, including privacy and cybersecurity.