Changes to Personal Data Protection Law in Russia.
The legislation, signed by President Vladimir Putin in July 2015, adopts a new set of amendments to Federal Laws on Information Technology and Personal Data, and will require organizations to hold personal data on Russian citizens within databases located within the territory of the Russian Federation.
The implications will be widespread, particularly for multi-national companies that process and store Russian customer data outside of the country. Roskomnadzor, Russia’s IT, telecom and media regulator, estimates that some 2.6 million organizations of differing sizes handle Russian consumer data. Any that fall foul of the new laws could face severe fines and have their websites, and therefore their revenue streams in the region, blocked.
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