Navigating the ripple effects of GDPR in the Asia-Pacific
For companies that do the right thing, this is a chance to set up infrastructure to future-proof their business.
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MORE than one year after the introduction of the European Union's General Data Protection Regulation (GDPR), the effects of the regulation are rippling through the Asia Pacific, and indeed the world.
It is not often that regulation becomes a catalyst for lasting change, but GDPR is an exception. In fact, it has invoked in-depth global conversations around consumer privacy - transforming the way business itself is done.
In January 2019, Google became the first Silicon Valley company to be hit by a major fine for non-compliance with the GDPR, with French regulators imposing a penalty of 50 million euros (S$77 million) on the giant.
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