risk based apporch

The so-called “risk-based approach” means that companies that limit the level of risk of their processing operations will be exempt from a number of obligations. Co-regulatory tools, such as codes of conduct or certification mechanisms, are introduced to help companies to manage and demonstrate compliance.

source
https://www.hongkongfp.com/2018/06/05/data-protection-global-movement-protect-personal-data-expand-business-opportunities/

comment
risk based apporch might expand the oppoutunities of business and coprprates should meditate what is risk based approch is.