The Data Protection Law to Safeguard Privacy and Promote Inclusive Growth

The Data Protection Law to Safeguard Privacy and Promote Inclusive Growth

Posted November 29, 2020

The Data Protection Law to Safeguard Privacy and Promote Inclusive Growth

  • Globally, 107 countries have introduced some form of legislation for data privacy and security. 
  • The implementation rate in Europe is high, but a majority of APAC economies are catching up on formulating local regulatory frameworks for protecting data privacy and security.
  • India is one of the newest participants in the data protection ring, with the Personal Data Protection (PDP) Bill already approved by the cabinet of the Government of India.
  • These regulatory developments are necessary considering the rising digital footprint of consumers and the patchy track of sensitive data they leave behind, namely — on the web, mobile, storage media, and other IoT devices where data might get processed or stored without intent or approval.
  • Data today is at perpetual risk of a breach, leak, and abuse, with major repercussions in the form of identity theft, financial fraud, coercion and harassment, brand damage, customer loss, and even lawsuits.

– Bharat Panchal | November 29, 2020