19 Dec Thai, SEA Firms Can Expect to be Fined for Breaches Under the GDPR
Forcepoint regional sales director for Southeast Asia Alex Lim recently revealed that Thailand and Indonesia have yet to enact a data privacy law, and added that among the ASEAN countries, only Singapore, Malaysia, and the Philippines have such a law in place.
Lim said that EU’s General Data Protection Regulation (GDPR), which will be enforced starting May 2018, should serve as a wakeup call for countries that do not have data privacy laws, since any global organization that handles the data of EU citizens will be subject to the new standard. He further clarified that this will create a huge impact on businesses in Thailand, such as airlines, hospitals, hotels, as well as on medical tourism, which is a sizable sector in the country.
Lim added that the country should hasten the enactment of a data privacy law as violations to the GDPR will translate to heavy penalties.
Source: The Nation
