Privacy act draft proposes a maximum penalty of the greater of $50 million, three times the value of any benefit obtained through the misuse of information stolen in data breaches, or 30% of the company's annual domestic turnover.
Data Protection
Certain types of personal data are very valuable to criminals, and can be very damaging to an individual or business if it falls into the wrong hands. As the world becomes more digital and more connected, more of this sort of data is generated and passed between various sources on a regular basis.
Government regulations and supervisory authorities aren’t just about keeping irresponsible parties in line. They also provide vital security guidance to every type of organization that handles sensitive personal, business or government information.
Data protection regulations also ensure that the end user has a transparent view of and a say in the processing of personal data. These safeguards play a significant role in everything from the preservation of civil rights to ensuring that democratic institutions function properly.
Some types of personal data are clear candidates for regulation: medical records, banking information, national ID numbers and so on. But some of these regulations also cover items that might seem relatively innocuous at first glance: home addresses, email addresses, website profile information and so on. For example, the European Union General Data Protection Regulation (GDPR) has stipulations about anything that is unique to an individual to include phone numbers and social media accounts. People have varying levels of privacy preference with these items, but they are often protected by regulation because they can be used for targeted scams and attempts at identity theft.
Given that regulations often take the size and customer count of businesses into consideration in terms of penalties and the scope of protection of personal data, compliance is particularly important for enterprise-scale organizations. You do not necessarily have to have an active business presence in a country or region; simply storing data on or moving it through servers there may subject you to their data protection rules.
A new ePrivacy complaint from noyb alleges that advertising emails are sent to Gmail users without their consent, a violation of that directive.
New proposed privacy bill to impose penalties of up to 4% of a company’s annual revenue for first-time privacy violations and potential jail time for senior executives who lie about them.
Companies could devalue their customers’ payment data to avoid CCPA penalties and litigation by using techniques that make it difficult for hackers to exploit.
With the Privacy Shield under fierce criticisms, there is now consideration for the European Commission to grant “adequacy” to an individual US state – California with it's CCPA.
The California location tracking issue dates back to 2018. Over 40 states have already reached similar privacy settlements with the tech giant, with Google having now paid over $600 million in total.
With a total of €2.92 billion levied throughout the bloc in 2022, GDPR fines are up in spite of a small drop in the overall data breach count as the bloc eyes stronger regulation for AI.
Privacy regulators have said they will take seriously anything that puts the twin principles of openness and honesty into jeopardy, and with the GDPR honeymoon period set to end, trust and reputation will be central going forward.
H&M earned the GDPR fine by creating highly inappropriate profiles of employees gleaned from one-on-one conversations which was revealed in a 2019 data leak.
A new bill on consumer privacy proposed in Maryland gives residents the right to opt out of certain types of personal data transfers to third parties.









