Modern privacy regulations are founded on a variety of principles going back to 1890 that sought to protect citizens from “yellow journalism.” Over the following years, governments enacted legislation that sought to respect an individual’s right to privacy, including their image and their correspondence.
Following an uptick in data breaches over the past few years, there has been a resurgence of concern around data privacy that has resulted in a spate of new regulations, including the California Consumer Privacy Act (CCPA), the General Data Protection Regulation (GDPR) and the Lei Geral de Proteção de Dados Pessoais (LGPD). As a result, organizations are now scrambling to figure out the processes and controls needed to support specific compliance requirements and protect the personal data they store, in part because those requirements have specific due dates, potential fines and punitive implications.
Data Privacy Is the New Strategic Priority for Organizations
According to a recent study from Forrester Research commissioned by IBM, 75 percent of organizations identify data privacy as a strategic imperative, yet only 28 percent of survey respondents have complete confidence in their ongoing ability to comply with emerging data privacy ..