Warning for Malaysia, we can't expect similar Indonesia dilemma in Malaysia.
To attract foreign data centers, the Malaysian government must enforce strict mandatory #dataprivacy laws, requiring compliance from all sectors or face legal consequences.
To the Honorable Minister of Digital Gobind Singh Deo
When the government and private sectors are not compulsory required to comply with data privacy laws, several adverse effects and consequences can arise.
1.Increased Risk of Data Breaches:
Without mandatory compliance, organizations might not invest adequately in data protection measures, leading to a higher likelihood of data breaches. This can result in unauthorized access to sensitive information.
2.Loss of Consumer Trust:
Consumers are more likely to trust organizations that protect their personal data. Non-compliance can erode trust, leading to a loss of customers and damage to an organization's reputation.
3.Legal and Financial Consequences:
Even in the absence of compulsory compliance, organizations can still face lawsuits and legal actions from affected individuals. The financial impact of such legal actions can be significant.
4.International Trade Issues:
Many countries have stringent data privacy regulations. Non-compliance can result in restrictions or bans on data transfer from compliant countries, negatively impacting international business operations.
5.Competitive Disadvantage:
Companies in regions with strict data privacy laws may have a competitive edge over those in regions without such regulations. They can market themselves as more trustworthy and secure, attracting more customers.
6.Increased Surveillance and Misuse of Data:
Without legal constraints, there may be an increase in surveillance and misuse of data by both government and private entities, leading to violations of individual privacy rights.
7.Lack of Accountability:
Without laws mandating compliance, there is less accountability for data misuse or mishandling. This can lead to unethical practices and exploitation of personal data.
8.Erosion of Privacy Rights:
Over time, the lack of strong data privacy laws can erode individuals' privacy rights, leading to a society where personal data is routinely exploited without consent.
Generally not having compulsory data privacy laws can create an environment where personal data is inadequately protected, leading to significant negative consequences for individuals and organizations alike.
https://lnkd.in/gnHPgZzQ
Customer Experience | Quality | Project Management
2moi guess part of the main reason MS coming to this part of the world is because they can pay cheap wages versus 4 or 5 x in the US and i may sound like a half glass empty, but heck..