In developed economies, particularly, in Europe and North
America, the right to privacy, the need for protection of personal
data of private individuals and the growing volume and value of
data accessible to and stored by government and private entities
has been a topical issue that has resulted in numerous legislation,
international agreements and regulations. Some notable examples are
the European Union
General Data Protection Regulation 2018
(''EUDPR''), the European Union and United States
Data Protection Umbrella Agreement/Privacy Shield and the United
Kingdom Data Protection Act 2018.
Breach of these legal instruments usually result in severe
sanctions like regulatory fines, reputational damage and
investigations by regulators and legislators. In 2018, Facebook was
allegedly involved in breach of data protection laws in the United
Kingdom, by granting third party access to user information without
sufficient consent. As a result of this allegation, a fine
