1. Landscape:
o
Only 10% of global population is covered under
Privacy regulations as of now but it would be 65% by the end of 2023.
o
In US itself, 57% of the population is covered
under Privacy regulations with either passed bills (California, Nevada, Texas)
or draft bills (Washington, North Dakota, New York and others).
o
Latin American countries (Uruguay, Argentina,
Mexico, Brazil) are almost done with their respective Privacy regulations.
o
Asia/Pacific countries (China, New Zealand, Australia,
India, Thailand, South Korea) will come up with Privacy regulation any time
now.
o
Africa and Middle East countries (Bahrain, UAE,
Egypt, South Africa, Nigeria) are coming into regulations soon.
o
Europe: We all know the GREAT GDPR.
· 2. Capabilities: Technology enabled Privacy Program
basically follows three stages of traditional adoption –
o
Establish
o
Maintain
o
Evolve
· 3. Empowerment: Give back control to
customers/people through the Privacy user experience –
o
Self Service Portal
o
Notice / Policies
o
Consent
o
Open and Transparent
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