Filippo Noseda, Partner in the Private Tax & Wealth Planning team, has been featured in the latest The American publication on the hacking of FATCA data.
The American mentioned Filippo's letter dated December 14 to Dr Andrea Jelinek, Chair of the European Data Protection Board (EDPB).
"In his latest letter, Noseda explains that hacking is a growing problem. Noseda and legal firm Mishcon de Reya have been maintaining a list of incidents relating to hacking and data breaches in the context of regulations including Automatic Exchange of Information (AEOI), FATCA and the Common Reporting Standard (CRS). When the list was launched in November 2019 it was 14 pages long. It now has 55 pages. In the letter, Mr Noseda argues that "Many incidents, such as the attack reported today against the US Treasury or the news that HMRC reported 11 'serious' data breaches incidents to the ICO affecting over 23,000 UK taxpayers, are directly relevant to our claim that through its excessive nature, FATCA (as well as the CRS) unnecessarily expose millions of compliant citizens to the real risk of hacking."
Read the publication here or the full online article here.
To find out further information on the data protection work by Mishcon de Reya and to read their correspondence to data protection authorities, click here.
To see the full list of hacking and data breaches recorded by Mishcon de Reya, click here.