5 Best Practices For Data Privacy Compliance
Security Boulevard, Monday, October 28th, 2024
With data breaches on the rise-over 3,200 incidents in the U.S. last year alone -businesses are increasingly under pressure to protect personal data and comply with evolving privacy regulations.
The surge in breaches highlights a critical need for robust data privacy practices, not just to avoid regulatory penalties, but to protect the trust and confidence of customers and employees.
Yet, many organizations remain unprepared. A recent report from the Ponemon Institute revealed that only 56% of companies have a solid plan in place to respond to data breaches, and even fewer regularly update these plans. This lack of readiness could become a significant liability as regulatory bodies like the Federal Trade Commission (FTC) increase their scrutiny of data privacy practices.