In: Economics
Protection of personal data in shares that rights and freedom of person and not being violated. Incase personal data gets leaked,it may lead to companies in current the significant damage to its reputation also cost penalties. It is important to comply with the protection regulation of the personal data.laws regarding the data residency impact widely on different issues which include personal privacy also national security and also commerce. Under the law of data residency data must be processed primarily.also they can then transfer the data copies abroad which remains avoidable to the local government for the inspection. The data residency laws are usually designed to protect the government interest.data protection laws and the privacy laws put restrictions on the transfer of data which usually do not have requirement of retervention of data.ashburn these laws company need not retain copies but also must not transfer data to foreign country.