Personal data protection and liability for damage in the field of the Internet of Things

Анотація

This article analyzes the concept and legal issues of the Internet of Things to explore whether the existing legal framework is appropriate to deal with this new phenomenon. It examines the system of legal issues in the field of the Internet of Things and the ways of their solution. The attention is paid to the personal data protection issue. The conclusion is made about the necessity to ensure the realization of GDPR provisions concerning privacy outside the European Union, which is possible by the conclusion of international agreements with non-EU countries. The article also considers how it is possible to deal with damage caused by the Internet of Things. This takes into account conditions of compensation of damage caused by IoT devices. The necessity of selfregulation in the field of the Internet of Things for ensuring information security and preventing damage caused by the Internet of Things is emphasized. This would be possible in case of close cooperation between technology companies and civil society. Such an approach would minimize government intervention in this area, which would contribute to the rapid development of innovative technologies. Classification-JEL: K15, K22, K24

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