With over 120 countries legislating new data privacy laws and regulations similar to the GDPR and CPRA, the need to implement a comprehensive PrivacyOps framework in organizations is urgent. Regulators have consistently punished corporations with hefty fines for non-compliance, and soon, every major country in the world will enact its Privacy Law. Privacy awareness among consumers is also rising, and more consumers are now concerned about their privacy than ever before.
Many companies are now responding to the growing concern for data privacy by taking the lead to ensure that their consumers’ trust is not compromised. Labeled as the ‘trust wars,’ organizations are now positioning themselves as privacy champions to stand out amongst their competitors to the general public. Thus, it is smart business to invest in data privacy compliance and use state-of-the-art technology to ensure the consumers trust their personal data is secure with the organization.
Finally, while personal data processing continues to drive innovation and business in the modern world, many now consider protecting, secrecy, and management of an individual’s personal data to be a new, emerging, and fundamental human right. Organizations must revamp their compliance operations with personal data to reflect this new paradigm and reality.