#11733. Compliance with Malaysian Personal Data Protection Act 20XX by banking and financial institutions, a legal survey on privacy policies

July 2026publication date
Proposal available till 15-05-2025
4 total number of authors per manuscript0 $

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Journal’s subject area:
Law;
Computer Science Applications;
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More details about the manuscript: Science Citation Index Expanded or/and Social Sciences Citation Index
Abstract:
The sensitivity and value of personal information, especially financial data concerning the increasing threats, particularly in the online domain, make it urgent to assess how far financial companies are serious about respecting and protecting individuals’ information privacy. To date, there is not any official report or study concerning this issue. The purpose of the research was to assess the out-put of the Personal Data Protection Act 20XX through evaluating the privacy policies of the Banks and Financial Institutions. In this qualitative research, the compliance assessment is delimited to compliance with specific requirements, especially the Notice and Choice Principle and individuals’ rights through document study. We proposed an evaluation model based on the standards of the PDPA (Personal Data Protection Act). The qualitative analysis of the results showed a non-compliance with the requirements of the Act by the financial sector. Hence, suggestions and solutions are provided in line with a standard privacy policy for these types of companies.
Keywords:
Binding Corporate Rules; Data protection officer; Notice and Choice

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