According to statistics, there is a steady increase in the introduction of comprehensive privacy legislation in US states. The trend reveals that data privacy is and will still be a large issue whose importance will continue to grow. Similar to the CCPA and GDPR are, all state privacy bills include a transparency requirement. Most large organizations usually find it very hard to keep track of all their tracking technologies. Due to this, the vast majority of concert solutions use crawlers to scan sites, identify the first and third party technologies and update site notices. Through this, visitors can be provided with transparency and compliance can be maintained. Besides achieving security, competitiveness and efficiency, adoption of compliance principles can provide additional benefits.
The first benefit is that it enhances the cyber security of a business. All over the world, not a single company can afford to ignore matters relating to cyber security, especially considering how costly data breaches can be and business downtime due to loss or theft of valuable data. Taking data privacy seriously makes plenty of sense and the GDPR can help businesses establish a workflow that is security conscious. Legislation stipulates that organizations should identify security strategies that suit them and adopt necessary technical and administrative measures to protect its clients’ personal data. It is almost impossible to make sure that data travelling across the network and leaving the IT environment out of scope is secure. As a matter of fact, legislation encourages businesses to re-evaluate and improve their overall cyber security strategies. By re-evaluating cyber security strategies, businesses can better control their IT infrastructure while streamlining security monitoring and building healthy data protection workflows. By doing so, organizations can effectively minimize their attack surface, mitigate “cyber tax” due to increased system outbreaks and attack numbers and adequately understand what goes on across the entire network.
Organizations can significantly improve how they manage data. To stay compliant, organizations should know exactly the kind of information they hold on people. The first step organizations can take with regard to GDPR compliance is conducting audits of all their available data, since this will help reduce the data they collect and hold while refining their data management processes. The immediate benefits of these are better detection and reduction of trivial, redundant and obsolete files retained by the organization, even though they lack any substantial business value. Cleaning up such data can help an organization greatly reduce data storage and processing costs while perhaps erasing sensitive ROT data like personal information belonging to former customers, which often poses great, unjustifiable risks to organizations.