Asian firms are better prepared than European peers to comply with privacy regulations
The report, The transparent business barometer: Preparing for the end of easy data, written by The Economist Intelligence Unit (EIU) found that firms in China and South-east Asia are more confident than those in Europe to deal with potentially stricter rules around consumer-data gathering and use; the US leads both regions.
Asian companies may be ahead of the ethics curve: companies in China and South-east Asia are more likely to tie data-privacy practices to good corporate governance than those in the West. Yet firms also generally believe people are willing to trade data privacy for improved services.
Source: Asian firms are better prepared than European peers to comply with data-privacy regulations, according to new EIU study, Business Insider – Business Insider Singapore