Singapore has recently introduced a discussion paper on data portability to will not only improve options and outcomes for consumers, but will also improve transparency in data collection. Will the ease of proliferation of this personal data among more companies lead to a simple statistical increased likelihood of data and identity theft?
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 decision to scrap the data protection bill came from a parliamentary review process. IT minister Ashwini Vaishnaw has told reporters that work was already underway on a new personal data law, no doubt to the delight of big tech companies.
A press release from the Department of Science, Innovation and Technology (DSIT) framed the new UK GDPR draft as a "common sense" reduction of "pointless paperwork" that would save billions of dollars annually.
A new national data privacy legislative framework has been proposed to limit notices and opt-ins instead of relying on the FTC and state governments to protect individuals.
Emerging technologies including biometrics and advanced analytics are helping to revolutionize the way governments and public service agencies address data privacy and security concerns, according to a new report from Accenture.
Copying of protected works is generally a no-no. But, training of AI tools such as ChatGPT requires copying enormous amounts of data. The two positions appear potentially irreconcilable. This is where the “text and data mining” (TDM) exception to copyright and database rights comes in.
The breach of Optus, the second-largest telecoms company in Australia, created a leak of about 10 million records of personal information. The government says that it is time for new privacy rules.
The pace of cross-industry fraud is accelerating and becoming more costly and this is exacerbating the identity theft problem. New fraud study from LexisNexis reports that 84% of organizations had been the victim of cross-industry fraud.
With the recent major GDPR cases on Facebook and Google, DPOs at smaller companies are getting worried and challenged in ensuring terms and conditions and privacy notices are not mixed up.
The laws and regulations of the future will increasingly be read, analyzed and implemented by AI or by lawyers augmented with AI, and also by technology and business people, especially for SMEs who cannot afford lawyers.










