Every organization needs to rethink its approach to security, governance, privacy and compliance by prioritizing the management and protection of data.
The United States and the European Commission have reached a deal in principle regarding the transfer and storage of European data on U.S. soil. Data privacy experts warn that the commitment may be too vague to maintain cybersecurity standards.
The New York State Department of Financial Services (DFS) filed charges against First American Title Insurance Company for exposing customer bank account numbers, mortgage and tax records, Social Security Numbers, wire transaction receipts, and drivers’ license images.
Studies and surveys consistently show that cybersecurity and data protection is one of the top five concerns of internal auditors, who worry that their organizations lack the internal resources to deal with security risks. On January 1, 2020, the California Consumer Privacy Act (CCPA) became effective, requiring new data privacy measures at most US organizations. Yet it is estimated that less than 10 percent are fully prepared for compliance with CCPA. Unfortunately, in this case, ignorance is not bliss and may result in hefty fines.
