Intentar ORO - Gratis

Importance of data protection for organisations in Sri Lanka

Daily FT

|

May 21, 2025

IN an increasingly digital world where data has become one of the most valuable assets, the need to protect personal and sensitive information is more important than ever. This leads to the question, as Sri Lanka attempts to strengthen its data protection policies, are we truly ready?

- By M. Dimuthu Suranjana

Importance of data protection for organisations in Sri Lanka

Global lessons: Looking to Europe and Australia

The European Union set a benchmark with the General Data Protection Regulation (GDPR) in 2018. The GDPR changed how personal data is handled in the EU by giving people more control over how their data is collected and used, and by introducing strict penalties for companies that do not follow the rules.

Similarly, Australia introduced the Privacy Act of 1988, which has since evolved to address contemporary data privacy concerns, particularly with regard to consent, data breaches, and cross-border data flows. These frameworks underscore the importance of long-term commitment, clear regulatory enforcement, and public awareness.

The Sri Lankan context

In 2022, Sri Lanka introduced its own Personal Data Protection Act (PDPA) — a commendable and necessary step. This Act aligns with international norms and seeks to establish a legal framework to govern the collection, processing, storage, and dissemination of personal data. This applies to any processing of personal data within Sri Lanka and by entities offering goods/services to, or monitoring the behaviour of, individuals in Sri Lanka, and excludes personal/domestic data use by individuals and data that is not personal in nature. This legislation aims to ensure that citizens and consumers can trust that their personal data is processed lawfully, fairly, and responsibly.

However, despite the legislative development, concerns remain about implementation readiness. Is our public sector equipped to safeguard citizen data? Are private companies — particularly Small and Medium-sized Enterprises (SMEs) — aware of their obligations? Is the general public informed of their data rights? More research needs to be done on Sri Lankan organisations to identify their readiness on this.

Importance of data protection

MÁS HISTORIAS DE Daily FT

Daily FT

UN warns "world is not prepared” for escalating climate disasters

THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Sajith launches Disaster Information Centre

Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level

time to read

1 min

December 12, 2025

Daily FT

Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed

Subscription list closes on opening day as investors grab initial offer and option

time to read

1 min

December 12, 2025

Daily FT

Daily FT

US Fed delivers third rate cut of the year

THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.

time to read

1 min

December 12, 2025

Daily FT

Positive momentum in primary auctions continue

Secondary Bond market rates decrease Rupee depreciates

time to read

1 mins

December 12, 2025

Daily FT

ADB grants $ 200 m loan for water, food security in North Central Province

THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Banking assets up 16% YoY to Rs. 24.5 t in 9M

THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.

time to read

1 min

December 12, 2025

Daily FT

Daily FT

Cabinet green lights procuring range of vehicles and equipment to boost primary health care system

THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.

time to read

1 mins

December 12, 2025

Daily FT

Daily FT

Cabraal discharged on condition he compensates Central Bank in three months

Lawyer argues his client had no intention of causing financial loss to GoSL

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

New 3% concessionary loan scheme to support 130,000 MSMEs from next year

IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.

time to read

1 min

December 12, 2025

Listen

Translate

Share

-
+

Change font size