Data Privacy concerns and dangers in the Future.
                     DATA PRIVACY: 
CONCERNS & DANGERS 
IN THE FUTURE
INTRODUCTION
• Data privacy is a hot topic because cyber attacks 
are increasing in size, sophistication and cost. 
• Accenture reports that the average cost of 
cybercrime has increased 72% in the last five 
years, reaching US$13.0 million in 2018.
Source: blog.netwrix.com
Why is data privacy 
important?
• It is important to consumers because a breach of 
personal information can damage an individual’s 
fundamental rights and freedoms, including the 
risk of identity theft and other types of fraud. 
Source: blog.netwrix.com
Focus on data privacy is a 
differentiator
• Apart from legal sanctions, organizations face 
reputational risks if they fail to ensure data 
privacy protection. 
• To maintain customer trust today, a company 
must demonstrate that data privacy is one of its 
core values.
Source: blog.netwrix.com
Defending against supply 
chain attacks
• While breaches at large enterprises dominate the 
headlines, their supply chains are an attractive 
target for hackers as well, because of their digital 
connections to larger enterprises.
Source: blog.netwrix.com
Politics of data
• While the tenor of data privacy legislations could 
be harmonizing and resonate globally, there 
would a strong variance in practice depending on 
the prevalent social, cultural norms and the 
nature of the state.
Source: www.geospatialworld.net
Privacy regulations
• There has been a global debate around data 
privacy and escalating public pressure on 
governments to put in place comprehensive data 
privacy legislation.
• The European Union implemented the General 
Data Protection Regulation (GDPR) in April 2018. 
Source: blog.netwrix.com
Data security scientist
• As the global issue of data protection evolves, the 
positions needed to effectively organize the 
management and protection of data will also 
emerge as need is recognized. 
• The Data Security Scientist will bring more of the 
required expertise to the strategic collaborative 
effort.
Source: www.the-future-of-commerce.com
Employee training, 
education, and awareness
•  Data privacy and security management must be a 
clear and unified front throughout the entire 
organization.
• Every employee must understand and uphold the 
standard for information security, handling 
customer data as carefully as IP.
Source: www.the-future-of-commerce.com
Cloud solution security
• Cloud security has been a concern from the start. 
Vetting and confirming the data protection 
security level of your cloud solutions is still a 
necessity. 
Source: www.the-future-of-commerce.com
Third-party risk management
• It’s another to also confirm that third-party 
companies you work with partners, suppliers, 
service providers, and others are doing their part 
to protect your customers’ data as diligently and 
maintain GDPR compliance.
Source: www.the-future-of-commerce.com