View from Peter Lancos, CEO
"Welcome to another edition of eXate's Global Data Diaries series, a fortnightly blog series that aims to bring you the latest news, tips and insights from the world of data privacy.
This week, we discuss Data Loss Prevention (DLP), which is defined as a set of guidelines and technologies that detect potential data breaches thereby ensuring the protection of an organisation’s data.
Most organisations hold valuable (and vulnerable!) information such as financial data, as well as customer and employee information. Each individual’s data is constantly at risk from threats such as phishing, ransomware attacks, malware attacks and data breaches. Many surveys are exposing the number of data breaches that are affecting the industry. "Data breaches remain one of top risks to companies today," said Mordecai Rosen, CEO, Digital Guardian. "Recent headlines serve as an unsettling reminder that even the world's largest and most influential companies aren't immune from that threat. Additionally, Code42 2021 Data Exposure Report reveals that employees today are 85% more likely to leak files than they were pre-pandemic."
This is why data classification and DLP continue to be crucial elements of a holistic cybersecurity system. Data loss prevention addresses the following bottlenecks of most organisations: personal information protection; compliance; intellectual property (IP) protection and data visibility.
3 Reasons Your Company Should Prioritize Data-Privacy Compliance and Safety Issues
Recently Facebook, Instagram, WhatsApp, Messenger and Oculus went offline simultaneously for six hours, and for the entirety of those 360 minutes, it seemed we were experiencing an apocalypse of sorts. A corollary of the outage was that our manifest reliance on the Internet and social media had become an increasing cause for concern on the part of government regulators.
Kenya cracks down on digital lenders over data privacy issues
Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause — granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality — to the new law passed by the country’s National Assembly.
Personal data protection to become a fundamental right in Brazil
The Brazilian Senate has passed a proposal for an amendment to the Constitution, which includes personal data protection to the list of citizen fundamental rights and guarantees.
Data available in digital channels is also covered in the proposals, which Congress will enact since amendments to the Constitution do not require the presidential sanction stage. There were no votes against the amendment.