Data privacy regulations such as General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) have been at the center of discussions surrounding the need for data privacy laws at a federal level and, as of February 2021, new state-specific regulations proposed by Washington, Virginia, Oklahoma and Minnesota present unique challenges for organizations conducting business in different states, particularly those without pre-existing data management strategies. In addition, organizations will need to understand the variations in these state regulations to assure compliance.
If the added consumer data privacy regulations aren’t enough, organizations are facing a rapid increase in ransomware, with a 40% uptick in cases compared to 2019. As more state-level policies are anticipated to be introduced ahead of a national data privacy policy, it's important for organizations to have the right strategies, policies, processes and technologies in place to ensure compliance while minimizing the impact of potential cyberattacks.