Even though Facebook has closed out its Q4 earnings at historic highs, the company cautioned that cost of compliance with privacy regulations will slow down revenue growth rates in Q1.
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.
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.
The UK Data Protection and Digital Information (No. 2) Bill if passed would govern the processing of personal data in the UK and in doing so replace the current data protection regime in the UK. It would also introduce other concepts and frameworks which are based on the processing of personal data.
Amazon has settled a FTC privacy lawsuit involving repeated breaches of Ring video cameras by both employees and hackers. The order would require Amazon to pay $5.8 million in restitution and delete a great deal of the video it has collected over the past several years.
GDPR was introduced in 2018 and has significantly impacted privacy, transparency, and business accountability. What could have been done better, and what’s next?
Facebook password leak has exposed up to 600 million user's plaintext passwords to company employees. And this appears to have been ongoing since 2012. Will this add more fuel on the antitrust fire?
What Does India’s Proposed New Data Protection Law Mean for the Country – and the Rest of the World?
India's data protection law is already being criticized, with some claiming it does too little by not giving the data protection authority sufficient power to bring violators to justice; and others fearing it goes too far with the potential for mass surveillance
The combination of brands being held accountable for violating consumer privacy laws, the roster of new – and varying – US privacy laws set to take place in 2023, and consumers themselves increasingly opting out of sharing their personal data is amounting to something of a rising tide in terms of consumer privacy.
To combat coronavirus outbreak, some E.U. nations are making use of GDPR emergency provisions to loosen up the rules in collecting and processing sensitive health data.
Meta has suspended its generative AI tools in Brazil indefinitely as it seeks talks with ANPD about the issue. ANPD has said that Meta must change its privacy policy to exclude a section related to the processing of personal data for generative AI training.









