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IT’S THE LAW (02/28/2023)

Coming in Q2 2023 major changes to Hong Kong’s privacy laws. Hong Kong’s Privacy Commissioner says plans include mandatory breach notifications, direct regulation of data processors with regards to data retention and security, and a requirement for data users to have a clear retention policy.

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Consumers very aware of breach and hack increases; want more security

February 28, 2023

Consumers know the more they do digitally, the more their data is at risk. According to Daon’s survey of more than 3,000 US and UK consumers, people foresee cybersecurity threats persisting and believe these will continue to outpace the cyber technology to control them. Most surveyed want more security for financial accounts (93%) and to have their identity protected (91%). Participants also said they would be willing to take extra security steps daily (91%), including use of biometrics (81%).

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