Data privacy concerns focus on the ability of individuals to have control over their personal information and the ways organisations use it. This is an important issue because people need to trust businesses and governments to handle their personal information responsibly before they are willing to engage online. Moreover, some jurisdictions regard privacy as a fundamental human right and require companies to comply with laws that govern how they use private data.
In a world where more than two megabytes of new data enter the digital sphere every second, it’s imperative to have robust security and compliance programs in place. This helps prevent data breaches that put employees’ sensitive information and customer data at risk of unauthorized access. When third parties gain access to confidential data, it can lead to financial loss and irreparable damage to a company’s reputation.
To address these concerns, companies must adopt transparent and ethical data collection practices that align with regional data protection acts. Additionally, they must ensure that the data they collect is only used for its intended purpose and give individuals verifiable methods to exercise their privacy rights. This is a complex challenge because it means balancing the need to protect personal data against business demands.
In a world of increasing cyberthreats, it’s critical that your organisation invest in the best technology to protect against these risks. By using DataGrail, the leading data privacy platform for building trust and eliminating risk with automated PII mapping and DSAR management, you can build a strong foundation for your data privacy program and mitigate any threats that may arise.