Data Protection
The statutory and regulatory framework for data protection is evolving worldwide. Companies today must navigate a complex landscape of regulations like GDPR, CCPA, OECD guidelines and emerging frameworks across different jurisdictions, each carrying substantial financial penalties and reputational risks for lapses.
With cross border transfer of personal data, organisations acting as data controllers need to be watchful of the legal framework in multiple jurisdictions. Need of the hour is for Corporations who handle large amounts of data to be able to act swiftly on occurrence of a data breach. Organisations need to examine the need of an impact assessment prior to processing of data to minimise mishaps. Understanding implementation goes beyond simply appointing a data protection officer or updating privacy policies, It requires embedding privacy-by-design principles into product development and creating transparent consent mechanisms that respect user autonomy.
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