With the EU’s General Data Protection Regulation (GDPR) comes an unprecedented paradigm shift in data privacy regulation. The new California Consumer Privacy Act of 2018 (CCPA) is another sweeping data-privacy mandate that’s set to further tighten up accountability with consumer data. It’s time to buckle up because it pays to stay compliant.
A flurry of data breach incidents has given rise to serious concerns about the way consumer data is handled. 2017 was dubbed “the year of the data breach,” but 2018 hasn’t come with any glimmer of hope, for attacks from ransomware and other sophisticated malware keep striking businesses and consumers alike.
High-profile incidents disclosed at Target (2013) and Equifax (2017)explain the magnitude of such breaches, which saw countless records of sensitive data — including personal and financial information – exposed. This led many to believe that cyber breaches have become the norm across the world, particularly in the United States.