GENERAL DATA PROTECTION REGULATION
Google fined $463 million for breaching EU rule on location data
Google received a 403 million euro fine for privacy rule breaches. The European Union's watchdog found Google mishandled user location data unfairly. This investigation examined Google's practices from 2018 until early 2020. Google stated its policies have since been updated and improved significantly. This marks the fourth largest EU privacy fine issued by the Irish regulator.
After tapping India, USA and UAE, MakeMyTrip expands services to over 150 countries
MakeMyTrip extends services to 150+ countries, focusing on Indian diaspora. Compliant with international regulations, multiple currency transactions, accommodations in 2000+ cities. Aims to boost inbound travel, promote hidden gems of India.
What is the European Union AI Act? how governments, companies will have different obligations
Lawmakers have proposed classifying different AI tools according to their perceived level of risk, from low to unacceptable. Governments and companies using these tools will have different obligations, depending on the risk level.
Let a hundred data-shares bloom
Reciprocity involves harmonised protection of consumer rights. Both countries involved in sharing data would seek adequate safeguards. This will also require a common framework on access to new sources of data. Data sharing is bound to be asymmetric across industries - such as between banks and non-banks - but is expected to promote competition.
EU's will to protect data, now the way
To the extent that the EU is putting out a view of how the internet should interact with society, its legislative vigour is commendable.
Call It Digital Dilemma
Personal data is at the heart of the EU's General Data Protection Regulation (GDPR). However, many people are still unsure exactly what 'personal data' refers to. There's no definitive list of what is or isn't personal data, so it all comes down to correctly interpreting the GDPR's definition
Microsoft to allow EU customers to process, store data in the region
The company will complete the implementation of all engineering work needed to execute the plan by the end of next year
Global policy uncertainty could push 7 mn in India, 31 mn globally into poverty: World Bank
Highlighting that India's exports could rise by about half a percentage point and income by 0.2% from trade diversion due to trade conflict between other countries, it cautioned worsening trade conflict leading to a slump in investor confidence to push more than 31 million people into poverty.
Govt to ping EU to align its data law with GDPR
The EU Commission and Japan signed a similar deal of equivalency to enable safe data transfers, based on a high level of protection of personal data.
Stripe, a $23 billion startup, eyes India amidst waning globalisation
Stripe builds software and payment infrastructure that helps businesses accept money online and across borders. Its founder Patrick Collison says it will add a half-dozen countries in the next couple months.
UK watchdog fines Facebook 500,000 pounds for data breach scandal
UK's Information Commissioner's Office concluded that Facebook failed to keep the personal information secure because it failed to make suitable checks on developers using its platform.
FPIs raise concerns on sharing data with KRAs
Until now, the KYC information of FPIs was stored by their respective global custodians.
'Enterprise information security spends to hit $1.9 bn in 2019'
It is on pace to reach USD 1.7 billion in 2018, an increase of 12.5 per cent over 2017, according to the latest forecast from Gartner.
8 out of 10 people concerned about their Aadhaar data security: Study
The national study by market research and analysis company Velocity MR, which was conducted among 5,800 respondents, noted that 8 out of 10 people are concerned about their Aadhaar data security and feel that the government should intervene for their online data protection.
New European laws push companies to update user policies
The General Data Protection Regulation (GDPR) took effect on May 25. The law allows the EU residents to request data kept on them and adds restrictions to how companies keep data on them.
ET View: India must enact a data protection law quickly
General Data Protection Regulation is a new privacy law that gives people more control over their personal data and seeks to punish companies that violate a citizen’s privacy right.
Most startups to find going tough after EU data norms
The law intends to give citizens of the EU greater control over their personal information. It restricts and reduces the automated processing of personal data without user consent, even if it is publicly available data.
One in five Indians think it is 'okay' to bribe for business: EY report
Close to 44 percent of Indian respondents said that offering cash, entertainment, personal gifts and misstating financial performance is ‘acceptable’ for business survival.
How data protection assumes a greater significance in the wake of privacy attacks
The increase in data thefts and breaches has made it relatively easier for anyone to gather intelligence about our personal lives at the cost of our privacy.
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