Data Privacy Law Predictions For 2020:
Expect Significant GDPR Fines
We will see more action from the side of GDPR, which may include hefty fines from GDPR before the end of 2020.
We have witnessed the GDPR take some time to process the situation. But over the next year, many significant investigations made by GDPR in the past will have finalized results. It will not only help us understand the regulators’ interpretation of the GDPR but also how international cooperation will work on GDPR enforcement.
Privacy Laws Will Expand Across The Globe
The data privacy laws all around the world will be updated and implemented to get adequacy from the EU. The prominent countries include Australia, which will update its privacy law and the Office of the Privacy Commissioner of Canada, which will also make changes in its privacy laws. India is also set to pass personal data protection legislation. Other countries will also pass GDPR influenced bills on data protection.
Companies Will Push Back On Data Localization Requirements
Many countries are enforcing data localization requirements, which let the company retain all the data or a partial copy of the personal data in the state of residence of an individual with which the company is doing business. The larger companies with lots of resources will have minimal effect. But the countries which have a role in the global data economy will be strongly affected by it, especially smaller businesses with lower support and the tenderness and promotion of new business in the market.
Data Privacy Laws will be expanded, revamped and enforced strictly across major regions of the world to support the shifting paradigm of workplace processes and business operations.