Global Developments in Data Privacy
Cyber crime and increasingly imminent cyber threats have left businesses and citizens concerned about digital privacy, and some governments are responding with legislation. A.T. Kearney’s Paul Laudicina discusses the legal protections various countries are enacting and what the future looks like in terms of data protection regulation.
In an era of data breaches, hacks and digital identity theft, everyone is understandably increasingly worried about protecting their digital lives. Governments are starting to respond with new data protection regulations. The European Union’s General Data Protection Regulation (GDPR), which came into effect in May, is the most significant regulatory marker so far. And nearly 70 percent of global executives anticipate other countries will draw inspiration from the GDPR to create their own data privacy regulations, according to A.T. Kearney’s recent Views from the C-Suite survey. Businesses must prepare to adapt.
The effects of GDPR are wide ranging. The law requires user consent in data collection, data privacy protections, data breach notifications and safe handling of cross-border data transfers. This effectively shifts data collection standards from a passive “opt-out” to an active “opt-in” approach for…