Introduction
With the world incrementally embracing technology in all its identifiable facets, the surge in data privacy breaches and cybersecurity concerns is not surprising. If statistics are relied on, the average cost of a data breach is US$4.45m. With jurisdictions tightening their regulatory grip over data privacy and cybersecurity breaches, corporations across jurisdictions can be observed to recalibrate their data processing infrastructures to ensure data privacy and cybersecurity compliances. Privacy by design comes as one of the most efficient methods to ensure data privacy compliances as it integrates privacy principles to data processing systems, leading to a reduction in external engagement required to ensure such compliances.
Please click here to read the full article by Gaurav G Arora and Aditi Richa Tiwary, published in International Bar Association.
Gaurav’s practice covers mergers & acquisitions, private equity, corporate structuring and restructuring, and general corporate commercial matters (including data privacy and white-collar crime investigations).