Essayer OR - Gratuit
Policing The Privacy Laws
Businessworld
|May 26, 2018
It is going to take a while for the Indian software firms with businesses in the EU to come to speed with the data protection norms laid out by the GDPR
WHEN MARK ZUCKERBERG was asked by Senator Chuck Grassley in the Capitol Hill testimony on 9 April on Cambridge Analytica (CA) controversy on whether Facebook prised open individual messages, CEO Mark Zuckerberg fumbled, sipped water! Grassely repeated the question. Finally Zuckerberg admitted, “Yes… we tap audio of the video uploaded! So that the data can be sent to advertisers. We sell data and that’s our business model.” he said.
By the time this story goes to press, GDPR EU 2016/279 – General Data Protection Regulations – scheduled to be live on 25 May – would have come into effect. The stringent and comprehensive data privacy diktat is bound to knock the wind out of many cyber operators (Read: data miners) around the world.
So, why is GDPR under the spotlight world over? Well, under the GDPR EU 2016/279 guidelines, citizens and organisations of EU would get to retain and exercise their right to data privacy. On the anvil are stricter international business norms through ePrivacy as well as NIS directive on cybersecurity. And compliance is a heavily loaded word in the world of GDPR. Here’s why. Any data breach or violation of the laws would attract a penalty imposition by as much 4 per cent of the global revenue of the company or Euros 20 million, whichever is higher for high risk breaches and 2 per cent or Euros 10 million for low risk breaches.
Cette histoire est tirée de l'édition May 26, 2018 de Businessworld.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Businessworld
BW Businessworld
A NOVEL THAT GLIDES THROUGH MANY REALMS
Journalist Nikhil Kumar strides into the arena of fiction with aplomb. His novel navigates continents and decades, capturing both the rarified world of architecture and the intimate spaces where relationships fracture
2 mins
December 13, 2025
BW Businessworld
"Huge Capacities Are Required"
DV Kapur on India's energy future, the need to balance coal and renewables, his eponymous foundation, and much more
2 mins
December 13, 2025
BW Businessworld
METAL, MUSIC & MOTORCYCLING
From the new Bullet 650 to the Flying Flea C6 and S6 electric scrambler concept, Motoverse 2025 brought together heritage motorcycles, next-gen EVs, riding culture and a vibrant global community
5 mins
December 13, 2025
BW Businessworld
Redefining Unalloyed Nationalism
In My Idea of Nation First, author UDAY MAHURKAR argues that India's future governance is inseparable from its understanding of the past,\" writes Srinath Sridharan
3 mins
December 13, 2025
BW Businessworld
"We have consistently delivered an annual ROI of approximately 40 per cent"
Dushyant Singh, a food & beverage entrepreneur, has over 15 years of experience in building F&B brands, including On The House, Rustic, and The Lama. BW Businessworld recently caught up with Singh to chat about his latest venture, Coffee Sutra, a favourite among coffee aficionados in Jaipur. Excerpts
4 mins
December 13, 2025
BW Businessworld
"The AI Race Won't Be Decided By Models & Tokens, But By Economics"
PHILIPP HERZIG, Chief Technology Officer at SAP, discusses the changing mandates of tech leadership, the next phase of AI adoption, SAP's rapid progress with Joule and RPT1, and why India is core to SAP's future, in an interaction with BW Businessworld's Rohit Chintapali. Excerpts
4 mins
December 13, 2025
BW Businessworld
“The genie is not going back in the bottle”
Al will reshape commerce faster than any previous industrial shift, and businesses must now design for scale, trust and permanence rather than novelty, says DIARMUID GILL, Chief Technology Officer, Criteo, in this conversation with Noor Fathima Warsia
2 mins
December 13, 2025
BW Businessworld
PREMIUM PUSH
With Aston Martin watches and 200 new exclusive stores, Timex India sharpens its premium ambitions and long-term growth play
4 mins
December 13, 2025
BW Businessworld
Carrot & Stick Game
Unlisted shares are typically valued based on demand–supply dynamics, rather than on core fundamentals, as detailed financial information is usually limited
3 mins
December 13, 2025
BW Businessworld
STEADY ASCENT
In a fiercely competitive market, can home appliances and durable company Kenstar's calibrated expansion across categories and towns unlock its Rs 3,000-crore revenue ambition?
6 mins
December 13, 2025
Translate
Change font size
