Achieving Privacy : Costs of Compliance and Enforcement of Data Protection Regulation
Is privacy a luxury for the rich world? Remarkably, there is a dearth of literature evaluating whether data privacy is too costly for companies to implement, or too expensive for governments to enforce. This paper is the first to offer a review of...
| Main Authors: | , , , , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/890791616529630648/Achieving-Privacy-Costs-of-Compliance-and-Enforcement-of-Data-Protection-Regulation http://hdl.handle.net/10986/35306 |
| Summary: | Is privacy a luxury for the rich world?
Remarkably, there is a dearth of literature evaluating
whether data privacy is too costly for companies to
implement, or too expensive for governments to enforce. This
paper is the first to offer a review of surveys of costs of
compliance, and to summarize national budgets for
enforcement. The study shows that while privacy may indeed
prove costly for companies to implement, it is not too
costly for governments to enforce. This study will help
inform governments as they fashion and implement privacy
laws to address the “privacy enforcement gap”—the disparity
between the privacy on the books, and the privacy on the ground. |
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