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Cybersecurity and data privacy captured the two top spots in respondents’ list of E&C concerns, according to the 2019 Definitive Corporate Compliance Benchmark Report.
The growing threat of cyberattacks is a huge cause for concern. According to some of the country’s foremost intelligence experts, the U.S. may encounter a massive cyberattack on the horizon. An attack of this scale is predicted to cause damage comparable to a Category 5 hurricane, where everything from vehicles to pacemakers could be compromised. The country needs to be ready – and not just the public sector. Private businesses, regardless of size, would be taking an extreme risk if the necessary precautions are not put into place.
What is the most cybersecure country in the world? A new study looked at 60 countries and found huge variances, from malware rates to cybersecurity-related legislation.
Modern startups are awash in information, from real-time customer insights collected via mobile applications to employee data received through online portals. Founders are constantly making decisions about where to invest, when to hire, how to hire and, most importantly, how to grow. In the rush to cultivate clients and consider business scalability, many startups may fail to truly appreciate the immense responsibility that comes with gathering and storing data.
More and more, the news is filled with stories about how personal information is being used to benefit others. From revelations after Mark Zuckerberg’s pseudo mea culpa in front of Congress last month, to stories about fake news, identity theft, and how data mining is being used by political campaigns to understand the demographics and psychographics of potential voters, these Little Brothers are collecting massive amounts of personal data – all with our tacit consent.
The GDPR restricts how organizations can collect, use and retain personal data, and provides Europeans with certain rights to halt collection, and to obtain copies, correction and, at times, destruction of their data.
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