Having the right security tools will effectively reduce the compliance costs in meeting regulatory requirements and provide better data visibility for companies.
Data Protection
Certain types of personal data are very valuable to criminals, and can be very damaging to an individual or business if it falls into the wrong hands. As the world becomes more digital and more connected, more of this sort of data is generated and passed between various sources on a regular basis.
Government regulations and supervisory authorities aren’t just about keeping irresponsible parties in line. They also provide vital security guidance to every type of organization that handles sensitive personal, business or government information.
Data protection regulations also ensure that the end user has a transparent view of and a say in the processing of personal data. These safeguards play a significant role in everything from the preservation of civil rights to ensuring that democratic institutions function properly.
Some types of personal data are clear candidates for regulation: medical records, banking information, national ID numbers and so on. But some of these regulations also cover items that might seem relatively innocuous at first glance: home addresses, email addresses, website profile information and so on. For example, the European Union General Data Protection Regulation (GDPR) has stipulations about anything that is unique to an individual to include phone numbers and social media accounts. People have varying levels of privacy preference with these items, but they are often protected by regulation because they can be used for targeted scams and attempts at identity theft.
Given that regulations often take the size and customer count of businesses into consideration in terms of penalties and the scope of protection of personal data, compliance is particularly important for enterprise-scale organizations. You do not necessarily have to have an active business presence in a country or region; simply storing data on or moving it through servers there may subject you to their data protection rules.
Consumer sentiment around marketing data collection varies. It’s therefore imperative for businesses that deal with customer data to do so with the utmost respect, caution, and strict adherence to their consumers’ preferences and in compliance with privacy laws.
The 2018 Marriott data breach was one of the biggest of its type in history, and was initially looking at receiving one of the biggest fines of £99 million. However, the UK ICO has reduced the penalty to £18.4 million.
With a major GDPR fine of $123 million on Marriott following an even bigger $230 million fine on British Airways, businesses worldwide are now on notice to have adequate security safeguards in place to protect user data.
Much like the state privacy legislation that have come before it, the Maryland Online Data Privacy Act of 2024 (MODPA) includes its own unique provisions that will add additional complexities to an organization's compliance efforts and data use strategy.
The breach of Optus, the second-largest telecoms company in Australia, created a leak of about 10 million records of personal information. The government says that it is time for new privacy rules.
Meta allegedly violated Texas’ CUBI and the Deceptive Trade Practices and Consumer Protection Act in capturing and profiting from facial recognition data without obtaining required informed consent, and failing to delete this stored data after a required amount of time.
An internal memo sent to Meta risk division workers on October 29 by Protti outlined the company's intention to lay off hundreds of privacy compliance staff, as part of cost-cutting measures that shift more duties from humans to AI.
Meta is now looking at an EU ban after the EDPB reached a decision on a case referred from Norway. The terms of the decision require Meta to stop behavioral advertising across most of the EU by November 10.
In addition to the $25.4 million antitrust fine, the CCI has ordered Meta to cease this element of cross-app user data sharing for five years. The order wraps up a probe that began in March 2021.










