Some of the biggest names in Big Tech may be considering pulling out of Hong Kong. The reason is a recently-implemented "doxxing" privacy law developed in the wake of the 2019 pro-democracy protests.
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.
With broad extraterritorial reach, significant penalties of up to seven percent of worldwide annual turnover, and an emphasis on risk-based governance, the EU AI Act will have a profound impact on U.S. businesses that develop, use, and distribute AI systems.
Spanish data protection authority AEPD called the two infringements that led to the GDPR fine "very serious." Both relate to Google's transfer of EU citizen data to the US.
Proposed fruits of the Irish DPC's three-year investigation into Facebook's consent and transparency violations are GDPR fines that would amount to a maximum of about $36 million to $42 million, or what the company makes roughly every two hours.
As consumers demand greater corporate responsibility for their personal information, business and technology leaders face an ever-expanding list of challenges pertaining to cybersecurity and privacy of customer data.
One of the world's largest adtech companies is facing a €40 million GDPR fine over failure to collect proper consent for personal information processing. Criteo's targeted advertising program was also cited for transparency and right of access shortcomings.
While businesses are tirelessly preparing for CCPA, the Californians for Consumer Privacy is busy with a new ballot initiative, CPREA, that would amend CCPA and shift the privacy landscape in California.
With the CCPA fully in force as of July 1, it is now more important than ever for small businesses to ensure that they are fully aware of their responsibilities and the steps they need to stay to stay compliant.
The consumer privacy lawsuit alleged that Oracle made $42.5 billion annually by surreptitiously creating "dossiers" on millions of people that it sold off to both private and government parties.
Not only do companies need to take data protection seriously under GDPR, schools and other educational establishments also had to make major changes to stay in line with the new regulations.










