Predictions 2020: Data Security Next Year and Beyond

As the oft-used metaphor goes, data is the new oil that powers business success. Today’s modern organizations are built on data collection so they can store and analyze it for insights. Unless consumers start to pay for free services, data is going to continue to be collected. There’s no way around it.

But data is also the new asbestos. If organizations don’t use data responsibly, there will continue to be data breaches that impact consumers, and there are longer-term impacts on overall enterprise value and business reputation. The solution to the problem is well-understood: They need to better respect data privacy and operation as secure data custodians. If not, they’ll be exposed to penalties from existing and upcoming privacy regulations.

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