Recently, China’s new Personal Information Protection Law (PIPL) went into effect. The question now is what does this mean for the future of data protection policy, and perhaps more importantly, the lack of a comprehensive U.S. policy?
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.
Brazilian General Data Protection Law, known as LGPD, will be introduced in early August 2020. How will the law impact the organizations and how does it compare with GDPR?
Citing a potential violation of the GDPR, privacy activist Max Schrems and his digital rights nonprofit organization noyb have filed GDPR complaints against eight major streaming companies, including YouTube, Netflix, Spotify, Apple and Amazon.
The WhatsApp GDPR violations pertain to Article 12 and 13(1)(c) requirements that platform users be clearly informed of the legal basis under which their personal information is being collected.
The Irish DPC has taken some heat for perceived softness in issuing GDPR fines to Big Tech. A $267 million fine issued to WhatsApp is the first substantial amount that the Irish regulator has assessed, but it comes amidst accusations and criticism.
This article is based on a presentation made during the Data Privacy Asia 2016 conference held on 9-11 November 2016 by well-known and widely respected information security, privacy and compliance expert Rebecca Herold. Rebecca addresses how IT leaders are increasingly challenged by the myriad of physical, legal, political and logical considerations for data residency.
The question of data privacy has become one that is shaping the business world of the 21st century. With many technologies advancing in leaps and bounds – as well as the increasing importance of ‘The Internet of Things’ the appointment of a professional Data Protection Officer to ensure legal and mandatory compliance has become a business imperative. We look at how failure to appoint such professionals who can operate at all levels of an organisation can be a costly mistake – not only in terms of revenue – but also in terms of customer trust.
Identity theft is a frighteningly real concern during the holiday season as consumers shop more and cyber criminals get busy. Companies that proactively offer identity protection to cushion the full impact of a data breach on customers that are victimized will reap benefits of trust and loyalty from their customers.
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.
As financial services organizations become increasingly dependent on data, it is critical to ensure that data is properly identified, organized, secured, and governed. Creating a solid data governance foundation will reduce risk while also increasing the ability to harness the value of data to drive business results.










