Strategies of Business Actors in Facing Data Protection Regulations in the Global Market
DOI:
https://doi.org/10.61402/sajmr.v3i1.267Keywords:
Data Protection, Strategy, Business ActorsAbstract
Data is the most valuable asset for business actors. However, the implementation of the Personal Data Protection Law (PDP) or General Data Protection Regulation (GDPR) in European states is a special concern for business actors. This research discusses the importance of strategies that must be owned by business actors in dealing with data protection regulations. This study uses the literature review method. The results of the study state that business actors in facing data protection regulations must at least do; Strategies such as internal policy adjustment, increasing digital literacy, the use of advanced security technologies, cross-border cooperation and multi-regulatory compliance, periodic audits and evaluations. Therefore, this study shows that business actors need a holistic approach to dealing with data protection regulations in the global market.
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