The General Data Protection Regulations (which apply to US companies holding data on European residents) and other US consumer data protection laws like the California Consumer Privacy Act allow individuals to request access to the data companies hold about them. People can ask for that data to be updated and request its deletion at any time, withdrawing consent for companies to hold data about them.
Internal teams can use the portal to organize consistent workflows for handling privacy requests and can trigger automatic emails to customers to inform them of status changes. It generates reports for managers that show data-request trends according to data points like status and regulation type.
Since the introduction of the General Data Protection Regulations (GDPR), businesses have had to adapt to new ways of storing personally identifiable information to become compliant, or else face hefty fines and penalties, as well as reputational harm.
However, with the chaos and confusion of Covid-19, businesses had to rapidly introduce new ways of capturing personal data, such as ‘track and trace’ processes to protect their employees, visitors and customers.
In many cases, this led to scribbled down personal information that could be accessed and shared by any passers-by – easily misplaced or used for marketing purposes without authorisation.
Despite the same threat of fines for non-compliance, GDPR has slipped far down the list of business priorities, often reverting back to old and outdated methods.
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STATEMENT OF DIRECTORS RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the group financial statements in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 and international financial reporting standards adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union and company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 Reduced Disclosure Framework , and applicable law).
Facebook, Mobikwik’s response to data leaks reminds why India needs strict data laws
Facebook, Mobikwik’s response to data leaks reminds why India needs strict data laws
The Personal Data Protection Bill has been pending in the Parliament since 2019. It is believed to have provisions that will ensure better data security.
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The data leak included important information like phone numbers, full names, and others.
HIGHLIGHTS
Both platforms have not taken any responsibility.
Strict data laws will provide security to users.
Data of millions of users leaks and is put online for sale. The users express their anger and platform refuses to take any responsibility. Different incidents, same story. In the last two weeks, two major platforms Facebook and Mobikwik have found themselves in a difficult spot as data of millions of their users has allegedly been hacked and put online. While these were two different incidents with different motives, both the platforms respo