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China Fines Didi Global $1.19billion for Data Security Infringements
Friday, July 22, 2022
This ruling comes at a time where there is growing privacy and data protection concerns in China. There have been a number of new laws introduced in this area too. In 2021, the Personal Information Protection Law (PIPL) was introduced.
Ilia Kolochenko, founder of ImmuniWeb and member of Europol Data Protection Experts Network, said: “Importantly, the growing number of regulations increasingly impose personal liability upon corporate executives for a failure to implement and supervise an adequate data protection strategy at their company. We shall expect higher fines both for non-compliant companies and their executives, while the latter will not necessarily be covered by corporate insurance due to the novelty of the issue. Ongoing risk and threats assessment, privacy impact audits and implementation of a systemised, risk-based and process-driven data protection strategy is the only way for executives to avoid facing harsh monetary penalties or even a personal bankruptcy.” Read Full Article
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