Privacy Risk

It is the potential for adverse effects on an individual's privacy arising from the collection, processing, use, or transmission of their personal information. According to Article 28 of Taiwan's Personal Data Protection Act, if a company's violation leads to the unlawful collection, processing, or use of personal data that infringes on the party's rights, it is liable for damages, a direct legal consequence of privacy risk.

Violating Taiwan's PDPA can result in fines up to NT$15 million. For businesses dealing with the EU, GDPR violations can lead to fines of up to 4% of global annual turnover. Furthermore, major industry players like TSMC and MediaTek are imposing stricter privacy and security requirements on their supply chains, making compliance crucial for securing orders.

The primary standard is ISO/IEC 27701 (Privacy Information Management System), an extension of ISO/IEC 27001, which requires organizations to conduct a Privacy Impact Assessment (PIA) to identify and mitigate risks. The most critical international regulation is the EU's General Data Protection Regulation (GDPR), particularly its Article 35 requirement for a Data Protection Impact Assessment (DPIA).

As an industry-academia partner with NTUST, Winners Consulting is Taiwan's first firm to integrate ERM, tech law, industrial engineering, and data science. Led by a founder with a background in preventive law, our team of tech lawyers and ISO Lead Auditors vertically integrates certifications with corporate governance, turning compliance costs into management benefits and avoiding redundant solutions for clients from semiconductors to finance.