Data Privacy Happenings đź“°
Hello from MineOS's monthly newsletter, The Privacy Mindset! đź‘‹
The biggest data privacy news of the past month is India passing a comprehensive data protection law, the Digital Personal Data Protection Act. As the world's most populous country and its biggest democracy, this is another watershed moment for data privacy.
While much of the focus in recent years has been on whether the United States will pass a comprehensive national data privacy law, and has more recently shifted to monitoring the vast influx of states that are passing laws to make up for the national regulatory deficiency, Asia has surged.
Some of the fastest growing economies now only with the APAC region, but the entire world, have passed data privacy laws over the past few years, and 2023 sees that list continuing to grow.
Similar to India, Vietnam has also passed a data privacy law this year, following Indonesia and Sri Lanka, both of which passed comprehensive laws in 2022. With China passing PIPL in 2021 and other notable Asian economies like Japan amending laws to more closely align with GDPR standards, Asia has near full investment in data privacy going forward.
Much of this new regulation--including India's--requires extraterritorial processing in certain circumstances, as well as consumer notices for major issues like data breaches.
Despite some concern that China's PIPL regulation's data residency and data localization clauses would influence others in the region to adopt similar stances, many of these bills, including India's and Thailand's, have opted not to include those provisions.
This is a victory for increased data transparency and protected international data flows, and sets the stage for easier entry into these fast-growing markets while still respecting the public's data rights and acknowledging corporate obligations to handle data responsibly.
As APAC markets continue to grow and increase their appeal to international companies, the region's embrace of data privacy will be a boon and likely will help set the stage for other global markets to follow suit.