The new European regulation has already had a huge effect on data protection in Europe and it is really making a difference. Currently the European supervisory authorities have adopted strict sanctions for huge violations of data subject rights and a much more softer approach towards more negligible issues. Small companies have been given prescriptions and fines are rarely imposed. This trend will likely change soon.
Countries out of the EU are already starting to adopt rules similar to the GDPR so the scope of the regulation will probably indirectly expand. Individuals who are usually slower than businesses to get used to new regulations are also becoming more and more aware of their rights. Many consumers can now easily spot violations and are more likely to file a complaint against companies. On the other hand, businesses who handle personal data correctly and show this to their clients are starting to become recognized as trustworthy companies by more and more consumers which helps establish their brands.
Overall, GDPR is here to stay. If anything, the regulations regarding the processing of personal data are much more likely to become stricter than to weaken in the upcoming years.
Want to learn more about data protection regulation in Singapore? Check out these useful articles:
- What is GDPR?
- How Does the GDPR Compare To the Singapore PDPA?
- How to Apply GDPR in Your Business in Singapore?
- How Did the Different Companies in the EU Implement the New Data Protection Regulation?
- How Did the GDPR Compliance Evolved Since May 2019?
- How Will the Data Protection Rules Evolve in The Near Future?
- Personal Data Protection Act (PDPA) Part 1
- Personal Data Protection Act (PDPA) Article 1B
- Amendments to the Data Privacy Laws (Personal Data Protection Act 2012) in Singapore