Reaping the “Data Privacy Dividend”: Protecting Personal Data as a Competitive Advantage
Don’t miss out on this conference organised by the European Union Delegation to Singapore and the Personal Data Protection Commission:
Reaping the “Data Privacy Dividend”: Protecting Personal Data as a Competitive Advantage
With a wave of new legislation on data protection in recent years, in all parts of the world, it is becoming clear that robust data protection rules are not only good for citizens and societies –they are good for business, too. The time is more than ripe for paying serious attention to data protection: as more and more innovative services are construed on the use of data, consumers are becoming increasingly aware of the (potential) risks to their personal data. At the same time, companies around the globe are increasingly recognising that a comprehensive and technology- neutral data protection framework provides a competitive advantage as it helps to create trust with their business partners and customers. Ultimately, data protection is about sound data management that would include developing and implementing better, more transparent data security practices to protect against reputational and financial risks.
We have witnessed global data protection legislative reforms happening in Asia, Africa and Latin America. Most of these legislative reforms have routinely incorporated common principles found in the OECD Guidelines, but also testing out new concepts introduced under the EU’s GeneralData Protection Regulation (GDPR) such as data portability. The general legislative approach is one that is based on a comprehensive (rather than sectoral) law with a core set of safeguards and rights enforced by independent authorities. This international convergence is an opportunity to level the global playing field and ensure that businesses can move data easily and safely across borders. The legislations of the EU and Singapore have been seen as models for recent reforms in other countries, in their region and beyond.
At the same time, even if companies are aware of the benefits of proper data protection, they may not always be familiar with some of the new concepts, obligations and rights in modern data protection legislations. A greater understanding of these data safeguards, policy and legal rationale, as well as active enforcement approaches is needed in order to obtain the necessary business buy-in on compliance.
This event is jointly hosted by the European Union Delegation to Singapore and the Personal Data Protection Commission of Singapore (PDPC) and will bring together representatives from the public and private sectors to share their perspectives about how governments andcompanies can benefit from the “data privacy dividend” of robust data protection laws.
For program & tickets: https://www.eventbrite.com/e/data-protection-conference-tickets-78985835761
With the support of:
Organizer
DUTCHCHAM
Email: info@dutchcham.sg
Website: www.dutchcham.sg