Apr
16
Asian Governments Tighten Laws for Gathering Personal Data
Posted in: Uncategorized
In data circles, it’s referred to simply as “the Octopus case.” And it’s at the center of why data-protection laws in Asia are getting so tough, so fast.
Consumers in Hong Kong use a payment method called an Octopus card to buy everything from public-transport tickets to fast food. Like the eight-armed sea creature, the cards have reach.
But in 2010, Octopus Holdings acknowledged making millions of dollars by selling off cardholders’ personal data — without their permission — to companies including insurance firms.
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