target audience: TECH BUYER Publication date: Jun 2023 - Document type: IDC Perspective - Doc Document number: # AP50331623
Asia/Pacific Data Privacy and Cybersecurity Regulatory Landscape
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Abstract
This IDC Perspective looks at the data privacy and regulatory landscape in Asia/Pacific (excluding Japan) (APEJ) that varies across countries, with each having its own set of laws and regulations governing data protection. Asia/Pacific countries are placing greater emphasis on data privacy and security because of rising concerns about cyberthreats and misuse of personal information. This has led to more stringent regulations, increased enforcement actions, and higher penalties for non-compliance.
This document examines the various data privacy and cybersecurity regulations implemented within countries in Asia/Pacific region and their potential impact on businesses in the region. It also provides a glimpse on the priorities and challenges of APEJ enterprises while they venture into establishing trust and how they navigate with the challenges internally and externally.
"In the face of rapidly evolving data privacy and cybersecurity laws, businesses must adopt a proactive approach by conducting comprehensive audits of their data practices, implementing robust security measures, staying updated on regulatory changes, and fostering a culture of privacy awareness among employees. By prioritizing compliance, businesses can protect customer trust, mitigate legal risks, and demonstrate their commitment to responsible data stewardship," says James Sivalingam, Senior Program Manager, IDC Asia/Pacific.
"Enterprises should prioritize data privacy because it serves as the foundation for building trust, fostering customer relationships, and ensuring compliance with legal and regulatory requirements. By implementing robust data privacy measures, enterprises create a safe and secure environment that instills confidence among stakeholders. Strong data privacy practices not only mitigate the risk of reputational damage and costly legal consequences but also pave the way for personalized and tailored services that enhance the overall customer experience. In the age of rapid digital transformation (DX), it is crucial for enterprises to be aware of the technology solutions they invest in, ensuring that privacy by design is embedded in the inherent architecture, implementing robust security controls, partnering with compliance experts, and avoiding undue maintenance arising from managing data graveyards," adds Sakshi Grover, Research Manager, IDC India and IDC Asia/Pacific.