Introduction
With the world incrementally embracing technology in all its identifiable facets, the surge in data privacy breaches and cybersecurity concerns is not surprising. If statistics are relied on, the average cost of a data breach is US$4.45m. With jurisdictions tightening their regulatory grip over data privacy and cybersecurity breaches, corporations across jurisdictions can be observed to recalibrate their data processing infrastructures to ensure data privacy and cybersecurity compliances. Privacy by design comes as one of the most efficient methods to ensure data privacy compliances as it integrates privacy principles to data processing systems, leading to a reduction in external engagement required to ensure such compliances.
Please click here to read the full article by Gaurav G Arora and Aditi Richa Tiwary, published in International Bar Association.
Gaurav G. Arora is a Partner at JSA with over 12 years of experience advising multinational corporations, investment funds, and high-growth businesses on mergers & acquisitions, private equity investments, corporate structuring, cross-border transactions, foreign direct investment, and general corporate matters. He regularly advises clients on complex domestic and international transactions across the technology, healthcare, manufacturing, real estate, retail, and services sectors. Gaurav is recognised as an ALB India Rising Star and among the Top 10 Young Lawyers by ALB Thomson Reuters.