Recent years, many Chinese domestic technology companies, such as smart terminals, games, entertainment, e-commerce, cloud computing, etc. have gone abroad to expand their territory. The number of Chinese companies that entered the rank of global leaders is increasing. The normalization of the covid19 epidemic has promoted the acceleration of global data security and privacy protection legislation. About data protection, all-round digital competition situation, such as national security review and export control, has been formed. Therefore, the overseas data compliance environment is becoming progressively complicated.
Mankind has entered the information age for many years but has not found a way to adequately protect data, so the risk of data leakage has become a global problem. According to a survey, 68% of companies claim to have experienced a data breach. The direct economic costs caused by large-scale data breaches are at the level of hundreds of million yuan. In addition to them, there
are many “hidden costs” too, including damage to goodwill, customer churn, etc. Widespread recognition of the importance of privacy and data protraction is increasing as more social and economic activities are conducted online. According to a United Nation report, as of April 2020, 128 out of 194 countries or 66%, have enacted legislation to ensure the protection of data and privacy.
GDPR stands for General Data Protection Regulation. It's the core of Europe's digital privacy legislation. GDPR is a new set of rules designed to give EU citizens more control over their personal data. It aims to simplify the regulatory environment for business so both citizens and businesses in the European Union can be fully benefit from the digital economy.
Note *: Red intermittent line indicates the focal points during GDPR compliance implementation
Data source:https://www.enforcementtracker.com/?insights
Sort out data flow,
take health check
Compliance
gap report
Implement
optimization
suggestions
Future planning
and tracking
Training and
Reports
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No set-up or integration expenses, no hidden fees. On-boarding consultant will assist in setting up and maintaining the services.
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