Statistics reveal that more states in the US are introducing comprehensive privacy legislation. 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 have a cumbersome time trying to keep track of the tracking technologies they use such as cookies. 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. This automatically allows them to stay compliant while providing visitors with transparency. Besides achieving security, competitiveness and efficiency, adoption of compliance principles can provide additional benefits.
The first benefit is enhancing the cyber security of a business. Businesses worldwide cannot risk to ignore their cyber security, especially considering business downtime due to loss or theft of valuable data and how costly data breaches are. Taking data privacy seriously makes plenty of sense and the GDPR can help businesses establish a workflow that is security conscious. The law requires businesses to identify their security strategies and implement necessary technical and administrative measures for protecting their clients’ personal data. Maintaining the security and integrity of various kinds of data travelling across the network, leaving the IT environment of the scope is almost impossible. In fact, businesses are encouraged by legislation to improve the 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. Therefore, organizations can effectively minimize their attack surface, effectively understand what happens across their network and minimize the likelihood that they will pay “cyber tax” due to a rise in system outbreaks.
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.