New law impacts 1.3 billion people (and our businesses)
The latest news from StreamAlive and the world of online, offline, and hybrid live events.
Hi there!
We have to warn you—if you’re a business owner, this might be the scariest newsletter you read all week 👻
Since its inception, the European GDPR privacy law has issued over 2,000 fines to local and global companies for failing to protect their users' privacy.
In total it’s €4.4 billion worth of fines.
Or, €2.44 million per fine.
Top 5 GDPR fines
There are no prizes for guessing which company has received the most GDPR fines so far 😁
Meta (aka Facebook) - €1,200,000,000 in May 2023
Amazon - €746,000,000 in July 2021
Meta (again!) - €405,000,000 in September 2022
Meta (yes, again!) - €390,000,000 in January 2023
TikTok - €345,000,000 - September 2023
Facebook was handed a record GDPR fine this year because they transferred the data of their European users to the US without permission.
The concerning thing is that there isn’t any slowdown in the number or size of fines being issued.
GDPR fines are getting bigger
Companies have been fined more in 2023 than in the last three years.
And today, GDPR isn’t the only privacy law companies need to think about.
71% of countries have data privacy laws in force
Most countries either have their own privacy laws that companies must comply with, or they are in the process of enacting privacy laws.
For businesses with customers or users in all these countries, navigating the privacy laws can be a difficult and costly minefield.
Source: https://unctad.org/page/data-protection-and-privacy-legislation-worldwide
GDPR vs. CCPA vs. PDPA vs. DPDPA
You might know about the GDPR law and be compliant. But what about California’s CCPA law? Or Singapore’s PDPA law? Or India’s new DPDPA law that protects the personal data of 1.3 billion people?
Data protection and data privacy is something that is very important to us at StreamAlive, but we have so many questions.
Perhaps you have similar questions?
If you’re compliant with GDPR, are you compliant with all privacy laws?
Are free privacy policy templates you can download off the internet enough to make you compliant?
If you use third-party tools like Hubspot, Intercom, Mailchimp, Gumroad, etc. to store your customer data, do they take care of compliance for you?
What do you do if a customer requests you to delete their personal data?
If you store user data on cloud services in the US like AWS, are their security policies enough to make you compliant?
And a lot more…
Building a data privacy framework for compliance now and in the future
Fortunately, we have access to Shivangi Nadkarni, an award-winning data privacy advocate, TEDx speaker, and mentor.
She lives, breathes and sleeps data privacy.
She’s agreed to do a workshop with us on how to build a data privacy framework that will get your business compliant now, and sustain compliance in the future.
Or… you could read 137 data privacy laws and do it yourself.
Shivangi’s framework will help get your privacy protection policies in order and stay in order, no matter which country’s laws you need to follow.
📆 October 10th
⌚ 11:30am EST | 5:30pm CEST | 9pm IST
(Maybe data privacy isn’t your thing, but let a teammate or colleague know about this workshop - they’ll thank you for it!)
During this webinar, you will learn:
4 challenges to watch out for on your company's data privacy journey
Identify which laws and regulations your business is exposed to in the first place
What are sectoral laws like the EU's e-privacy regulation
What are ecosystem policies you need to be aware of (like in the Google and Apple marketplaces)
How a framework will help you build and sustain compliance no matter how your business grows in the future
Real-world case studies to illustrate how other businesses have managed their data privacy journey
Save your seat and bring your notepad. If you can’t make the live webinar, make sure to register and we’ll send you a recording afterwards.
The Slide-Streaming & Livestreaming TL;DR
It’s been a busy week in the world of livestreaming and slide-streaming. Here’s a rundown of the stories we’ve been reading:
🏢Microsoft Teams announces new Town Hall capabilities
With town halls, Teams users can host internal and external events including company-wide town halls, all hands, global team meetings, internal broadcasts, fireside chats, and more. It supports up to 10,000 attendees on a Microsoft 365 subscription and 20,000 attendees on a Teams Premium subscription.
📖Starting a book club on YouTube
It’s not the first place you might think of starting a book club, but YouTube shows you how to start a virtual club using livestreaming to discuss the weekly book that the club reads.
🛍️Elon Musk recruits Paris Hilton for livestream shopping on X
After Musk’s recent livestream to the US-Mexican border crashed, he continues to explore ways for X to become relevant… this time by roping in Paris Hilton to front a new livestream shopping channel on the app. No details on when the livestream will happen or what Paris will be selling at the moment though—maybe Teslas?
Catch us on our social pages
If you haven’t already, check out our social media pages to stay updated on our quirky takes on the latest social media trends and the occasional piece of engagement-related advice.
All the best,
Lux and the StreamAlive team