{"id":611,"date":"2024-02-21T11:21:53","date_gmt":"2024-02-21T17:21:53","guid":{"rendered":"https:\/\/cmitsolutions.com\/bothell-wa-1091\/?p=611"},"modified":"2024-02-21T11:21:53","modified_gmt":"2024-02-21T17:21:53","slug":"data-privacy-trends-2023-roundup-and-preparing-for-the-future","status":"publish","type":"post","link":"https:\/\/cmitsolutions.com\/bothell-wa-1091\/blog\/data-privacy-trends-2023-roundup-and-preparing-for-the-future\/","title":{"rendered":"Data Privacy Trends: 2023 Roundup and Preparing for the Future"},"content":{"rendered":"

Digital data privacy is a concern no matter where you are in the world \u2014 individuals and organizations alike.\u00a0<\/span><\/p>\n

And with inevitable, continued technological advancements, data is only going to become more abundant. So protecting personal information and adhering to privacy regulations are paramount.\u00a0<\/span><\/p>\n

Now that a new year is upon us, it\u2019s helpful to look back on the past year\u2019s data privacy trends to reflect on challenges and opportunities.\u00a0<\/span><\/p>\n

Here, we\u2019ll review 2023 data privacy trends and how they\u2019ve shaped our current digital landscape. We\u2019ll also explore how your business can navigate these changes effectively with the help of <\/span>managed IT<\/span><\/a>.<\/span><\/p>\n

[Related: <\/b>Are You at Risk? Here Are the Industries With the Highest Cybersecurity Risks<\/b><\/a>]<\/b><\/p>\n

Trend 1: Greater Focus on Data Protection<\/span><\/h2>\n

Data breaches and privacy scandals have brought data protection to the forefront of public interest. Any huge breach that\u2019s been circulating in the news for weeks is difficult to ignore.\u00a0<\/span><\/p>\n

Consider this story on <\/span>Real Estate Wealth Management\u2019s massive data breach<\/span><\/a> in December 2023. It was one of the largest breaches of the month, with around 1.5 billion records exposed. Hackers invaded millions of clients\u2019 contact and account information, including names, addresses, personal property info and sensitive tax information.\u00a0<\/span><\/p>\n

With <\/span>similar cases<\/span><\/a> that happened throughout the year, it\u2019s no surprise that focus intensified on safeguarding personal information. Organizations invested in robust security measures and implemented stringent protocols to ensure their data\u2019s confidentiality (and integrity).\u00a0<\/span><\/p>\n

As certain businesses strive to regain public trust, measures like encryption, multifactor authentication and secure data storage practices are now commonplace.<\/span><\/p>\n

[Related: <\/b>Don\u2019t Let a Disaster Impact Your Business<\/b><\/a>]<\/b><\/p>\n

Trend 2: Stronger Privacy Regulations<\/span><\/h2>\n

Governments and regulatory bodies worldwide have taken a proactive stance on privacy issues.\u00a0<\/span><\/p>\n

New regulations, such as the <\/span>California Consumer Privacy Act (CCPA)<\/span><\/a> and the <\/span>General Data Protection Regulation (GDPR)<\/span><\/a>, have already transformed the privacy landscape. With that said, entities have further expanded and enforced privacy regulations globally.<\/span><\/p>\n

Consider the <\/span>Data Privacy Act of 2023<\/span><\/a>, where entities must give consumers the ability to opt out of data collection. This is required as long as that data isn\u2019t necessary for the entity to provide whatever product or services it offers.<\/span><\/p>\n

The Data Privacy Act is incredibly empowering to consumers because businesses now have to be as transparent as possible about if and why they collect data. Their privacy terms and conditions must be easily understable, to boot.\u00a0<\/span><\/p>\n

On that note, organizations must take action to comply with these new or updated regulations:<\/span><\/p>\n