A Global Shift Toward Regulating Privacy

There is no denying a global shift toward regulating privacy with new legislation such as General Data Protection Regulation (“GDPR”), the California Consumer Privacy Act (“CCPA”) and the Brazilian General Data Protection Law (“LGPD”). With this, an increasing number of trends are emerging with respect to privacy legislation comparative to the landscape five years ago.

There is a wide divergence in how different countries, even regions, legislate for privacy. This is not surprising as the call for privacy legislation is driven by historical events and this of course means the needs are often different. Some countries and regions are taking more of a consumer protection stance, such as CCPA, whereas others regulate specific sectors (Health Insurance Portability and Accountability Act and Personal Information Protection and Electronic Documents Act for example in Canada). There is the drive to regulate technological development and lastly, principle-based laws using GDPR as a blue print.

What is interesting is the development that the private sector is encouraging governments to implement data protection legislation, as opposed to the other way round – generally we see regulation playing catch-up with consumer / business privacy expectations.

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Full Text： tradersmagazine

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