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.
Instead of introducing an entirely new regime, the UK Government should explore the use of privacy enhancing technology to enable organisations to share and analyse personal data in a privacy-preserving manner, to create opportunities and unlock the power of data using innovative and trustworthy applications.
Where there is data, there is a risk of a data breach. It is essential to implement protective measures for such an event and to educate oneself to spot a potential breach.
Washington is the latest state in which Google has settled a location tracking lawsuit, adding to a list that has cost it a little over half a billion dollars to date. Lawsuits date back to a 2018 probe that found Google apps and services were continuing to track and log data even after users had changed privacy settings.
Meta allegedly violated Texas’ CUBI and the Deceptive Trade Practices and Consumer Protection Act in capturing and profiting from facial recognition data without obtaining required informed consent, and failing to delete this stored data after a required amount of time.
An Indonesia data protection law that has been in development since 2016 includes some of the harshest penalties yet seen in national data privacy regulations, along with a right to compensation for data breaches.
The UK ICO has wrapped up a preliminary investigation into Snap's AI chatbot, and has indicated that it is failing to adequately address children's privacy risks. There are numerous concerns about AI chatbots that are not yet resolved, but children's privacy seems to have driven much of the early action from regulators.
To prepare for any privacy regulation, adopt a core technical framework where privacy controls can be applied to any new or existing system.
The $425 million GDPR fine has been proposed by Luxembourg’s data protection commission, which has submitted a draft decision to the data protection authorities of the other EU member states.
H&M earned the GDPR fine by creating highly inappropriate profiles of employees gleaned from one-on-one conversations which was revealed in a 2019 data leak.









