Coinbase has been sued for collecting biometric data from the photos of ID cards and the "selfies" that it requires when customers set up an account, and from the fingerprint scans that are used to authenticate mobile app users.
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.
Already under investigation by the data protection authorities (DPAs) of several EU nations, OpenAI is now facing scrutiny in Poland in response to an August GDPR complaint.
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.
Washington’s My Health My Data Act (“MHMDA”) broad scope and definitions will undoubtedly expand its reach to data not normally considered health data and businesses who do not traditionally consider themselves to be health care providers or to be collecting consumer health data.
Germany's data protection commissioner tells German government organizations to shut down their official Facebook Pages by January 2022 or face potential enforcement action.
With fines and penalties (such as potential shutdown of company operations) looming in November of this year, some companies are opting to bail out of China rather than even attempt to comply with the slew of new data regulations.
Financial market regulators from outside the EU are now seeking GDPR exemptions for the purpose of "public interest", for example cracking down on securities fraud, including the SEC in the U.S. as well as regulators in Japan and Hong Kong.
Establishing a global financial data sharing standard, free to everyone to use, can empower and protect consumers, while also supporting efforts to deliver new products and services that put people in more direct control of their finances.
UK SOX is coming and many organizations are feeling worried about exhausting all existing compliance resources, incurring high costs, or the amount of testing and data management required to ensure compliance.
Data governance is to business leaders and IT decision-makers as losing weight is to New Year’s resolution enthusiasts. If your organization is aiming to achieve improved data governance as its New Year’s resolution, here are five healthy habits to adopt in 2025.










