Big Data Is Booming in the U.S., but Other Countries Are Making the Rules
Lawmakers and regulators in some of the world’s largest countries are ramping up enforcement of privacy laws, revising statutes or debating new rules. The upshot, executives and privacy experts say, is a vast expansion of protections for personal data and a fast-changing, potentially expensive landscape for companies that use such information to power the digital economy.
The frameworks aim to give consumers more control over their data as the coronavirus pandemic pushes more daily life online. Companies that break the rules could face fines or penalties—risks that may be difficult to anticipate. Privacy experts say such debates hinge on governments’ ability to protect citizens’ data from other governments—including the U.S.—or access data for security reasons.