Google is looking at ₩69.2 billion (about $50 million) and Meta ₩30.8 billion (about $22 million) in fines issued by the country's Personal Information Protection Commission due to privacy law violations.
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.
Twitter will pay a GDPR fine of €450,000 (about $546,000) in the first EU cross-border enforcement action brought against a tech giant.
Faced with a deluge of complaints regarding violations in terms of general data protection, regulators are expected to levy the first GDPR fines and other sanctions by year end.
One year on, the technology to support true data privacy and fully comply with GDPR is still lacking, and regulators have come face to face with the reality that we are still years away from being there.
A federal privacy law that meets five key requirements can bring U.S. more in line with global privacy principles and relieve burdens on business from differing standards.
Max Schrems, chairperson of noyb, has directed his organization to file over 100 privacy complaints against major businesses engaging in data transfers with the US.
The agreement means that WhatsApp will make its privacy policy clearer to end users, in compliance with EU rules, in addition to making it easier for users to reject updates along with clearer explanations in situations where refusing the new privacy policy means agreeing to no longer use the service.
Businesses are the guardians of our data, and we have certain laws in place to ensure that data is safeguarded. But what happens when those laws are outdated?
The fourth draft data protection bill looks to be no less contentious, as it adds vital protections but also exempts the country's government from all of its terms and appears to give tech platforms a fairly free hand in sending citizen data overseas.
Grab’s expansion has faced a number of challenges, not the least of which is a string of privacy breaches over the past two years.










