Data residency laws pushing companies toward residency as a service

By Maria Korolov for CSO
Wednesday, January 26, 2022

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Many countries now require companies that operate within its boundaries to store data on their residents locally. Using residency-as-a-service providers is becoming an important option.

Insight does not operate in Russia at all. "In Russia, they have a very paranoid regime," says Ilia Kolochenko, member of the Europol Data Protection Experts Network and CEO at cybersecurity vendor ImmuniWeb. "Personal data must be physically stored in Russia, which is why LinkedIn has been banned in Russia."

Google, Meta and Twitter have all been hit with fines in the past two years as well for violating Russia’s data residency rules. "But the Russian market is pretty small," Kolochenko says. Read Full Article