AI Automation Tools Enable Data Privacy Compliance

“Over 40 percent of privacy compliance technology will rely on artificial intelligence (AI) solutions by 2023 — that’s up from 5 percent today, according to the latest worldwide market study by Gartner.”

via Digital Lifescapes

Why Customer Data Protection is The Highest Priority

“Protecting customer data was the leading challenge for 42.5% of CMOs worldwide and the top obstacle for working with data, named by respondents in a September 2018 survey from Forbes Insights and The Trade Desk.”

via eMarketer

Financial Impact of Each Data Breach is $3.92 Million

The cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.

via IBM

IT Security-Related Revenues will Reach $133.7 Billion

Cybersecurity solutions demand has remained strong during 2018, as more CIOs and CTOs need to ensure that their digital transformation projects have a high degree of digital trust built-in. Data privacy-related legislation has also fuelled the market for expert professional services that are skilled in IT security compliance.

via Digital Lifescapes

Why GDPR Compliance Requires Vendor Cooperation

Complying with GDPR is a multifaceted undertaking that involves companies getting permission for various things, such as user tracking and data transfers. As the effects of the law begin to unravel, ad buyers, publishers, and tech firms have accused each other of passing the buck when it comes to obtaining user consent.

via eMarketer

Why Data Privacy Rules will Disrupt Digital Advertising

Of more than 2,500 people surveyed, 83% thought regulation was needed – and 62% believed it was on the way within the next few years. Older respondents were most in favour of Wall Street-style controls on Silicon Valley, with 62% for, in comparison with 47% of Gen X, and 44% of millennials.

via World Economic Forum

EU General Data Protection Regulation – Why it Matters

Compliance with IT security and data privacy regulation is of growing concern to most European organizations. Businesses large and small are scrambling to assess their General Data Protection Regulation (GDPR) readiness, with less than a year to go until its implementation on 25 May, 2018.

Source: Digital Lifescapes