2014 saw the implementation of new comprehensive, “European style” privacy laws in Singapore and Malaysia, the amendment of China’s consumer protection law to include data privacy principles and a further stepping up of South Korea’s already strict IT Network Act to include increased revenue-based fines, making it one of the most complex and demanding jurisdictions for compliance in the world.
As “privacy by design”, “rights to be forgotten” and other advanced regulatory concepts gain traction across the Asia-Pacific region, it is clear that law-makers, regulators and courts in the region are becoming more sophisticated in how they address privacy issues, with an unmistakable push towards heavier regulation and more expansive interpretations.
As fines continue to increase and regulators more frequently resort to “naming and shaming” of offenders, the compliance stakes are steadily on the rise. The data privacy compliance challenge in Asia is a problem that can no longer be ignored.
To view the full guide please click here