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There are many benefits to utilizing the cloud for data storage and IT infrastructure, however, there are also challenges to securing cloud environments.
As global data privacy compliance increases in scope and complexity, only about half of executives feel “very prepared” to meet regulatory requirements in the United States, United Kingdom and European Union.
Banks and financial services providers need to understand what legislation and regulations are in place to cover the privacy and security aspects of behavioral biometric technology.
When it comes to compliance and data privacy, ignorance is not bliss. Today’s businesses must be aware of the regulations that govern them or risk incurring significant, potentially crippling penalties.