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7 Important Privacy Trends for Your Business

By April 21, 2021No Comments5 min read
Privacy Trends for Your Business

Businesses are relying more on personal data. Due to this, they have to focus on more protecting their user’s data. Customer demand for data privacy is increasing with time. They want to ensure that the businesses are protecting their data. Cyber attacks are only increasing with time. Thus, the risk of a data breach is becoming more serious.

You should ensure that your business is staying up to date with the privacy trends. This will help you in protecting your data from attackers. Your business should focus on protecting the privacy of your customers. In this article, we are going to talk about the important privacy trends that can affect your business.

  1. Brexit

Everyone forgot about the Brexit due to the coronavirus pandemic. However, it is still going to have a huge impact on UK businesses. Brexit is going to be the most serious issue for UK businesses. They should understand the importance of the UK GDPR. It is the localized version of the GDPR which was enforced by GDPR.

The scope of the GDPR is updated to the UK. All the sections which were related to the EDPB or European data protection board are now removed. The decisions of EDPB are not applicable to UK Business now.

If your business is operating in both the EU and UK, then you need to follow both the regulations. Thus, you should ensure that you understand the difference between them. This is going to affect your security and compliance requirements.

  1. GDPR will become consistent

GDPR is improving with time. Most regulations were complicated in the beginning. However, the EU is working on simplifying the GDPR regulation.

They have taken multiple decisions in the last 12 months. EU is working on solving various issues. The fines were not large in some cases. However, in some cases, businesses were fined heavily.

Authorities are paying more attention to the GDPR requirements. They are not relating to the data breaches only. Authorities are also looking for a violation of its requirements.

You should ensure that your business is focusing on data protection. The ICO will mostly look at what the EU is doing. They are going to use similar techniques for enforcing data protection.

  1. Data graveyard

Data graveyard is becoming the next big word. It is used to describe the quality and quantity that companies are storing. Data graveyard is used to describe the collection of unused data. This data is collected by companies in huge quantities. Thus, it is going to affect the database utilization of companies. This is becoming a big problem for companies.

GDPR is propagating both data removal and data retention policies. Companies are generally not focusing on their privacy programs. More than 14.5$ million GDPR fines have been issued for non-compliance.

Companies should focus on how they are storing, managing, processing, and securing their data. They should focus more on creating data governance and data quality industry standards. Industries that are heavily regulated will be leading the way. However, the end result is going to benefit all the business.

  1. Cookie laws

More websites are now asking for your cookies permission. This shows the growing importance of privacy and personal data. Current regulations state that cookies are required whenever a business is providing service in the EU. Thus, more websites are going to show banners to their visitors. They will ask visitors to review and accept their cookie practices.

People are also going to use these parameters to test the legitimacy of the company. Thus, you should always ask for consent from your users. This will ensure that you are meeting the regulatory requirements.

  1. Transparency

Transparency is going to be very important for organizations. Consumers are becoming more aware of their rights. They know that their data is very valuable to companies. Thus, you should become a transparent organization.

Make sure that your customers have more control over their data. You should ask your customers before collecting their data. They should know where you are storing their data. Consumer attitude towards transparent behavior and privacy is forcing companies to divert their attention towards these issues.

  1. 3rd party risk management

Most companies are going to focus on third-partyrisk assessment  and risk management in 2021. The GDPR has increased the existing obligations which were required. Data processors need to provide adequate data protection to their customers.

Organizations are going to spend more time selecting their third-party partner. They need to protect their business from potential risks that can come through 3rd-party partner agreements.

  1. Employee Training

Talent crisis is another big issue for companies. The shortage of data privacy experts and cybersecurity is forcing companies to train their employees. This is going to have a big impact on every business.

Cyber attacks are only going to increase with time. Thus, you should focus on protecting your data and applications. This can be done by first training your employees. Make sure that your employees know about basic IT security practices. This will help you in protecting your business from simple attacks like brute force attacks and social engineering attacks.

Organizations should also consider working with a good MSSP. Good MSSPs like Bleuwire can help you in solving this problem. They will help you in creating a security strategy that will help you in protecting your data from attackers. Also, they are going to help you in implementing the best security tools. Thus, you don’t need to worry about hiring any security professionals. You will already get access to a large team of IT security experts. They will help you in protecting your business from cyber attackers. Also, they will help you in solving all the IT problems.

Conclusion

These are the most privacy trends for businesses. You should focus on protecting the data of your users. This will help you in winning the trust of your users. Also, this will help you in avoiding unnecessary fines. Experienced MSSPs like Bleuwire can help you in avoiding all the privacy issues. They will make sure that you are following all the security regulations. Thus, you don’t need to worry about any compliance violation. They will also help you in protecting your data and applications from attackers. If you need more information regarding IT security services, then you can contact Bleuwire.

Contact us today to learn about Bleuwire™  services and solutions in how we can help your business.

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