Digital privacy in the headlines
The AFR reported on the impact of recent changes to the privacy laws in Europe, Australia, Asia, and the US, particularly the far-reaching tentacles of Europe’s new General Data Protection Regulation (GDPR) through the global supply chain. Many Australian companies, retailers included, are now becoming aware of direct GDPR obligations or are getting caught up in indirect onerous compliance because of their European-related activities. The impending cost of GDPR to businesses is staggering too, with Fortune Global 500 companies expected to spend about US$8 million on compliance. The upside of all this? Now may be a good time to become a privacy manager.