A perspective on categorizing Personal and Sensitive Data and the analysis of practical protection regulations

The modern era is marked with usersu0027 comprehensive manners in interaction and data mining. This phenomenon is an extraordinary aspect of modern digital age. The digital path of a user associated with surfing the webpages on internet is unconditionally interconnected with a small dialogue box asking about permission to use cookies from the website. Afterwards, the relevant useru0027s web-findings of items or information that had been browsed before is recommended automatically from the searching engine again. It is clearly acknowledged that after the announcement of the EU General Data Protection Regulation (GDPR), which was enforced in 2018, the worldwide impact has been evolving on the awareness and specification of the data protection. Therefore, data protection at the present era focusing on the area of fintech services is the research object. The objective of this study is to classify categories and definitions of usersu0027 sensitive data. Moreover, it analyses methods of defining sensitive data of the user and their realized activities especially as on-line transactions such as Zhifubao-the biggest “third-party electronic payment service platform”. In the meantime, we evaluate the GDPR, compare to the Data Protection Act (DPA), and discuss whether and to what extent it marked a milestone progress above the current legislation of processing data standards, or whether some obstacles have occurred in law implementation process.