With data privacy laws becoming a focus for many global and U.S. state governments in 2019, this year will prove to be challenging for companies as they attempt to comply with the many regulations pertaining to the personal data of customers.
The South Korean government is set to implement mandatory KYC verification for cryptocurrency exchanges in March, but the new requirements may be in violation of existing privacy laws.
The main issues surrounding data management and consumer privacy will only accelerate as we move forward into the final months of the year. Here are three major trends and events to look out for.
A change to California's state privacy law is the first regulation to directly take on dark patterns, threatening civil penalties brought under the state's existing unfair competition laws.
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.
Facebook, Google and Netflix are facing fines and actions for privacy violations, with Facebook assessed the second-largest amount in the country's history for its treatment of facial recognition templates.
Many businesses are still struggling to understand and comply with data protection laws and regulations. Study finds that 62.4% of companies are still not ‘completely compliant’ with data regulations which means vulnerable consumers.
Anyone operating a business that violates the privacy rights of people in Quebec or fails to meet Quebec's stringent new requirements for protecting personal information may face administrative monetary penalties, fines, binding orders, and civil action.
The advertising industry would like to see Australia’s privacy law kept loose enough to allow "legitimate" data collection, a "tech neutral" posture and rules that are no stronger than the ones at play in the EU and UK.
As the bonds and the economic cooperation go deeper and deeper, there are many avenues and initiatives for cooperation and discussion. EU-US privacy alignment in the immediate future is not only possible but de facto inevitable.