Privacy landscape and compliance

The Privacy landscape is growing more complex. Just couple of years back, it all started with GDPR, followed by Brazil Privacy Act, EU ePrivacy Regulation, Swiss Data Protection Act and the much awaited CCPA. There are upcoming US Regulations also where 14+ US states are working to publish the Privacy regulations. In a broader spectrum, there are over 120 countries who already have or are implementing new data Privacy regulations.

The interesting part of the this is that nearly half of all organizations are currently failing to comply. The organizations face a lot of challenges on this front of compliance –

·       Limited expertise

·       Increased risk

·       Complexity

·       Global reach

·       Lack of precedent

In fact most of these “non-compliant” organizations are not at all aware that this non-compliance is really expensive. It could result to business disruption, Loss of productivity, Revenue loss, Fines/penalties/settlements and reputation impact.

Implementing Privacy management/operations/compliance activities is not a “one size fits all” technique. Organizations need to access the current environment, protect the data, sustain with the processes and respond to customers queries/rights.

-SS