Organizations still face the challenge of handling data, securing it and developing privacy by design. With the growing value of privacy, stringent data privacy laws have been paralyzing some businesses for the last few years. However, some businesses are already getting more privacy-confident by adopting visible accountability for privacy. With a “privacy by design’ approach, it might be easier to succeed in 2021.
Phil Strazzulla, CEO & Founder of Select Software Reviews, expects that the amount of data getting passed around will shrink down to a minimum. “It’s one thing to pass around packets of PII when it’s all on your secure corporate network, but as that network becomes less physical and more virtual, that data becomes a liability.”
Patrick Walsh, CEO at IronCore Labs, predicts that cloud providers will start offering more advanced data privacy features. “Privacy regulations in California and Europe have made it risky and expensive to hold the personal information of customers without proper protection. As a result, we expect the trend toward stronger data controls for SaaS customers to accelerate with more ‘bring your own key’ and ‘customer-held encryption key’ offerings and wider adoption of end-to-end encryption.”
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