New state-level data privacy laws just keep coming. By the end of 2023, California will transition to the CPRA, and residents of Virginia, Colorado, Utah, and Connecticut will be covered by more expansive state privacy laws. With 10% of U.S. states covered by data privacy legislation by the end of next year, it’s clear there’s a need for federal legislation as well. I’m pleased to see reports of positive momentum on this topic in Washington.
Securing sensitive data in today’s digital world has become increasingly complex and challenging, especially if parties practice poor data management, network security, encryption methods, or endpoint protection. As cyber attacks continue to grow, it’s absolutely necessary to maintain stronger cybersecurity practices.
Data protection solutions, and in particular, Data Security Posture Management (DSPM) platforms, should be built to effectively map, monitor, and protect your organization’s most valuable asset — your data. But not all cloud data security and compliance tools offer the same advantages, and not all will be suitable for your business’s unique data requirements.
Making money is the ultimate goal of any corporation but not losing money is just as important. According to IBM, the average cost of a data breach is $4.24M, a substantial impact on your bottom line. And according to Gartner, by 2025, 60% of organizations will use cybersecurity risk assessment as the primary factor in choosing business partners. You cannot go any further without adequate cybersecurity solutions.
Originally created when a journalist had his digital livelihood ruined by a cyber-attacker in 2012, World Backup Day has gained commercial significance as organizations manage ever-larger data volumes and face a higher risk of data breaches.
Businesses have become the custodians of massive amounts of data over the past several decades. Some of it is unstructured and ostensibly useless, but much of it contains valuable, sometimes very personal information. More data, more problems. As information proliferated so has the phenomenon of data breaches. Information leaks cost businesses millions of dollars, months of their time, and a good deal of trust from the consuming public. It is a bad situation but also one that breeds opportunity.
Data protection, once a marginalized subsection of the cybersecurity industry, has increasingly become a major concern, especially for companies deploying Cloud based applications. GDPR, CCPA, PIPEDA - The list goes on but they all have one thing in common - A focus by regulators worldwide on addressing the issues presented by the use of digital big data.
