Data Privacy Detective - How Data Is Regulated, Managed, Protected, Collected, Mined, Stolen, Defended And Transcended.

The Data Privacy Detectives turns his data localization spotlight on the island nation of Singapore. With a per capita income of 64% higher than the United Kingdom’s and a free-market economy that depends on global trade and commerce, Singapore takes a very different approach from China, Russia, India, and other countries that strive to localize their residents’ personal information. Singapore’s Personal Data Protection Act (2012) provides a comprehensive set of rules protecting the personal information of its residents. Like GDPR in scope, it differs in its flexible approach to balancing privacy and national security protections. In 2020 Singapore’s Monetary Authority and the U.S. Treasury issued a joint statement opposing data localization requirements, calling them a risk to cybersecurity and economic growth. They called instead for data mobility in financial services as a spur to innovative services and economic growth and as a more effective approach to risk management and cross-border compliance. Sin