09 May Thai Govt Races to Enact Data Privacy Law
Experts in Thailand have recently called on the government to quickly enact a data privacy law to address the growing ecommerce, data breach fears and effects of EU’s upcoming privacy rules.
However, the Ministry of Digital Economy and Society (MDES) has yet to catch up with the latest challenges as it revises a 10-year old draft of the proposed data privacy law. Cyber law expert Paiboon Amonpinyokeat says that the new draft law is critical in determining preventive and remedial measures in cases like that of TrueMoveH where the security of ID-card and other personal data of more than 10,000 Thai customers are feared to have been leaked.
Paiboon also added that Thai businesses can expect to be affected by the GDPR significantly, and violation of the foreign data rules could possibly put the country on EU’s blacklist, aside from the heavy penalties which can go up to 4% of a company’s annual turnover.
Source: Thai Visa