With the enactment of GDPR and CCPA, data privacy has emerged as one of the most important compliance issues of our times. With new regulations being considered in multiple states, it’s no longer a topic that can be ignored.
Complying with data privacy regulations is as much about building and maintaining customer trust as it is avoiding penalties, since consumers are making buying decisions based on how businesses maintain and manage their personal data.
A robust data privacy strategy can accelerate your business, giving you a better understanding of what data you have and where it's located. Data readiness positions you to move faster.
The importance of data privacy
78% of U.S. respondents say a company’s ability to keep their data private is “extremely important“
75% will not buy a product from a company if they don’t trust the company to protect their data
2.7x The average expected cost of non-compliance is $14.82M, 2.7X the cost of compliance.
We help you understand all the data in your organization. You get the complete picture: how and why your organization obtains data, how it's used, who uses it, where it’s stored, how long it's stored, etc.
We put processes in place to make sure you stay prepared. We ensure you have a governance plan in place to keep you prepared for future regulations.
Before the digital revolution of the early 2000’s, customer trust was based primarily on product quality. As our lives have moved online—socially, financially, medically, and more—this trust has shifted to focus on how companies handle data. In a study earlier this year, 451 Research found that 89% of consumers are concerned with protecting their personal data.
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