Recent PwC survey results indicate that half of respondents were not confident that their organizations would meet the 2020 deadline for CCPA compliance. What are the lessons learnt from the GDPR compliance exercise that can help companies approach CCPA and other upcoming requlations?
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.
While the practical interpretation and implementation of the GDPR has been heavily discussed, it is sometimes overlooked that the GDPR itself offers solutions to handle the legal uncertainty: Codes of Conduct and Certifications.
There will be grey areas in GDPR for a while to come and certainly in the early stages there will be test cases and adjustments to the Articles to clarify and ratify their use in real world practice.
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.
Regulatory reporting for GDPR compliance requires effectively operationalising the use of appropriate technical and organisational measures to allow for reporting at the enterprise and project level.
Will your website will be in some way impacted by expanded privacy legislation like the GDPR? Do you need to change how you do business online? Much of what’s required is simply good data hygiene.
Multinationals face difficult and unique data privacy and security compliance challenges to successfully meet the ongoing waves of government regulations. To meet these challenges, multinationals must have enhanced visibility across their global key assets and comprehensive controls.
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
Selling customer data such as banking records, vehicle registration and mobile phone usage is big business in China. Recent data theft of 130 million clients of Huazhu Hotels Group saw the stolen payment and contact information going for about US$56,000.
Many regulators prefer voluntary GDPR compliance, but are prepared to back that up with tough action when required. This is why your reporting must be ‘regulator ready’.