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International Commercial Law - Digital Trade and Data Protection - Statistics

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  • This quiz has been taken 11 times
  • The average score is 4 of 5
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Question Answer % Correct
OceanCorp, a U.S.-based e-commerce company, handles significant volumes of personal data from European customers. Following the Schrems II decision, the company can no longer rely on the Privacy Shield for transferring data between the U.S. and the EU. OceanCorp decides to use Standard Contractual Clauses (SCCs) instead, but its legal team is unsure whether the SCCs provide sufficient protection given U.S. government surveillance practices. What must OceanCorp ensure to comply with GDPR when using SCCs to transfer personal data from the EU to the U.S.? The SCCs must include specific guarantees for protecting personal data from government surveillance in line with EU standards, and additional measures may be necessary.
100%
SecureNet, a blockchain-based company, stores personal transaction data on a decentralized, immutable ledger. A customer from the EU requests that SecureNet delete their personal data in accordance with GDPR’s “Right to Be Forgotten.” However, due to the blockchain’s immutability, SecureNet cannot directly alter the recorded data. How can SecureNet address this request while remaining compliant with GDPR? Use off-chain storage for personal data and store only cryptographic hashes on the blockchain, ensuring compliance with GDPR.
100%
FinData, a fintech company, develops an AI-driven credit scoring tool. The system processes vast amounts of customer data, including personal financial histories, to generate accurate predictions. However, the company faces challenges complying with the GDPR’s principle of data minimization, as the AI requires large datasets to function effectively. Which of the following strategies can FinData employ to ensure GDPR compliance while still leveraging AI? Use pseudonymization techniques to anonymize personal data while retaining its usefulness for AI processing.
100%
TechHire, an AI-powered recruitment platform, uses machine learning algorithms to screen job applicants. It has been reported that the AI system tends to favor male candidates over female candidates because the training data primarily consisted of male resumes. This raises concerns about potential discrimination. What should TechHire do to address the bias in its AI system while complying with data protection regulations? Retrain the AI model using more diverse datasets to reduce bias and ensure fairness in decision-making.
67%
GlobalBank introduces an AI-driven credit scoring system that makes automated decisions on loan approvals. An applicant who was denied a loan requests more information about how the decision was made and asks for the decision to be reviewed by a human. Which of the following rights under GDPR applies to this situation? The right not to be subject to a decision based solely on automated processing, allowing the applicant to request human intervention.
33%
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