Law on Personal Data Protection
Banks do not use information of personal data subjects to credit rating
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The Law on Personal Data Protection stipulates that banks do not use credit information of personal data subjects to score and rating credit.
Illegal personal data trading may be fined VND3 billion
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According to the approved law, the act of illegally buying and selling personal data will be subject to a maximum penalty of 10 times the illegal revenue.
Today, the National Assembly finalized the ban on the purchase and sale of personal data, preventing fraud
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The draft Law on Personal Data Protection opens an important turning point to prevent information leakage and protect people from fraud.
Deputy Minister of Public Security stated the reasons for increasing fines for enterprises violating personal data
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The Deputy Minister of Public Security said that if the fine is too light, large enterprises and cross-border enterprises are ready to violate to profit and transfer personal data.
Fines of up to 10 times the fee for buying and selling personal data
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The draft Law on Personal Data Protection stipulates that the act of buying and selling personal data can be subject to a fine of up to 10 times the revenue from the violation.
The Minister of Public Security talks about how easily criminals build fraud scenarios
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The Minister of Public Security emphasized that the factor of leaking and trading personal data is the main cause of criminals building easy fraud scenarios.
Further specifying sanctions for violations of personal data protection
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Experts say that the proposal to legalize the ban on personal data trading is completely reasonable and will certainly prevent less fraud cases.
National Assembly delegate shares about having lost money due to disclosure of credit card information
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National Assembly delegate Pham Phu Binh said that in many cases, including individuals, he has lost money due to the illegal use of credit card information.
Personal data is strictly protected in many countries
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Suits related to violations of users' personal data by large companies show the level of strict protection of many countries in this matter.
National Assembly deputies worry about personal data being illegally traded and underground transactions
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According to the National Assembly delegate, if the law does not pave the way for safe data exploitation, there will be a risk of being "illegally" traded in the underground market.
Cao Bang Secretary: Reading the news of buying and selling a house, immediately received dozens of calls
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Stating the fact that there is a lot of information leak, the Secretary of Cao Bang said that just by accidentally seeing and touching the home buy and sell advertisement, there are dozens of calls coming.
Urgently develop and perfect the Law on Personal Data Protection
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In the context of Vietnam entering the period of accelerating digital transformation, it is urgent to develop a specialized law on personal data protection.
Completing the legal aspects of personal data, avoiding credit risks
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Commenting on the draft Law on Personal Data Protection, some banks hope to receive clear and detailed instructions on not being allowed to buy and sell credit information.
