Privacy is a business-critical discipline for many organizations, enforced by multiple regulations. Most recently, the EU’s General Data Protection Regulation (GDPR) has driven a global movement of maturing privacy and data protection laws with stricter requirements.
These privacy requirements dramatically impact an organization’s strategy, purpose and methods for processing personal data, with breaches carrying financial, reputational and regulatory implications.
The following three predictions can help organizations to prepare for privacy risks and ensure transparency.
- By 2020, the backup and archiving of personal data will represent the largest area of privacy risk for 70% of organizations, up from 10% in 2018.
- By 2022, 75% of public blockchains will suffer “privacy poisoning”—inserted personal data that renders the blockchain non-compliant with privacy laws.
- By 2023, over 25% of GDPR-driven proof-of-consent implementations will involve blockchain technology, up from less than 2% in 2018.
For more
