This is more of an on-going trend than a new trend, but in 2020, expect to see your privacy and security functions working together even more. Data Privacy Statistics. More than 60 jurisdictions around the world have enacted or proposed postmodern privacy and data protection laws In 2019, Gartner observed a decline in overall customer satisfaction, an erosion of trust and an increase in privacy invasion. Consumers are increasingly aware of their rights, and while data privacy regulation has been a source of anxiety in the past, businesses are increasingly used to and even excited for future regulation. New data privacy legislation related to the COVID-19 pandemic. Preparing for the new year can be exciting, but it can also be intimidating. In an effort to show their support of privacy protections, Microsoft voluntarily extended the CCPA’s consumer rights to all of its U.S. customers and the GDPR’s data subject rights to customers across the globe. The two proposals share a number of very similar requirements, including “affirmative express consent,” more transparent privacy policies, increased data security measures, designated privacy officers, and mandatory data privacy risk assessments. Choosing a unified, enterprise-wide data privacy strategy requires significant research and resources up front, but once implemented, it can significantly reduce future efforts. In this article, we’ll discuss why data privacy is important and delve into five data privacy trends you’ll be hearing more about in 2020 and beyond. Often, these teams have never been involved in compliance activities and need hands-on, practical training to equip them to take on these new responsibilities. These risks during a pandemic are almost the same. Until then, we expect privacy to become a key technology differentiator, with organizations that prioritize data protection gaining a significant competitive advantage. A data breach is going to happen, so we all need to be prepared for when it happens. New legislation is also expanding the definition of personal data to include identifiable information that is collected automatically, such as online … This will includ… Our first presenter for this webinar is Peter Geelen, director and managing consultant at CyberMinute and Owner of Quest for Security, Belgium. Our 2020 Digital Consumer Trends survey explores the impact of macro trends on consumer relationships with digital devices, content and the wider connectivity landscape. the average cost of non-compliance is at $15 million, a list of strategies to improve board conversations. Although some of these trends have been in motion or could be considered ongoing, we expect them to ramp up rather than slow down. If enacted, it would likely go into effect in 2023. At Progress, we have a strong commitment to protecting our data and that of our customers, employees and vendors/service providers, especially during this time of new legal challenges caused by rapid technological development. The SolarWinds hack at the end of 2020, should have increased any company’s awareness that its security depends on suppliers of safe and secure software and hardware solutions. 1. On the back of 2018, which saw the implementation the ‘General Data Protection Regulation’ (GDPR) act, data privacy was at the top of the corporate and consumer priority lists, giving people more control over their personal data. COVID-19 catapulted the conversation to the front of the agenda, and has acted as a catalyst, increasing the deployment and variety of data … Third-party breaches and incidents have been a key driver in the introduction of data privacy laws like the CCPA. To act on this commitment, we have in-house experts who run internal and external programs to oversee data and information security programs. As mentioned above, ISO and NIST have drafted data privacy frameworks that align with their widely used security frameworks, providing privacy and security leaders with a solid foundation on which to build their integrated programs. The phrase “Data is the new oil” was coined considering the growing importance of personal and organizational data. 9 Data Privacy Trends to Watch in 2020 1. Ultimately though, in the event of a third-party breach, organizations are held responsible by enforcement agencies for performing due diligence on their vendors. To make these decisions, privacy and security teams must work together to identify data privacy risks and to design controls that effectively address these risks. During the 2019 World Series, Apple advertised its new iPhone by focusing not on the cameras, or the screen, or the processing speed – but on data privacy. As state and national governments recognize the need for data protection, more regulations will be issued, but in order to keep up, organizations will seek out ways to unify these various laws and standards. For example, Brazil’s data privacy regulation became effective late last year and India expects to pass something later this year. —Heidi Shey. 1. Progress collects the Personal Information set out in our Privacy Policy and Privacy Policy for California Residents and uses it for the purposes stated in that policy. Here are five trends that data-security experts see ahead—and what your company can do to prepare. It is our process to review the threats and risks to the privacy of your data and assuring the security of your data is sustained. Announcing the Data Protection Trends Report for 2021 . The major differences between the two are 1) COPRA calls for the establishment of a separate agency under the FTC to enforce the law, while the CDPA leaves enforcement to the FTC, and 2) COPRA includes a private right of action, which would allow private citizens to bring their own lawsuits against an organization that violates compliance. Massachusetts’ privacy bill, modeled closely after the CCPA, would have a significant impact on U.S. businesses, if passed. Some consumers are more willing to share their personal information with an organization if the company can demonstrate that they have privacy safeguards in place. Most recently, the European Union’s General Data Protection Regulation (GDPR) has driven a global movement of maturing privacy and data protection laws with stricter requirements. Jason Buffington. Data privacy is becoming a significant factor in the buying process for many consumers. Data privacy organizations like the IAPP provide training courses and certification opportunities, which may be appropriate for members of your security, IT, compliance, or legal teams. A great way for any organization to prepare for a breach is to run a tabletop exercise with the key personnel (IT, HR, security, legal, compliance, customer support) involved in a breach and walk through a fictitious scenario and determine how the organization would respond and react. Data privacy legislation was also a major focus for state governments in New York, Massachusetts, Texas, and Washington in 2019. Data privacy regulations have now become a significant driving factor in increased cybersecurity measures, legally requiring companies to ensure data security and adding to the potential financial fallout of a breach. One defining feature of 2019 was an increasing focus on data privacy around the world, including a variety of new government regulations. It’s no surprise that a recent Gartner 1 report called out Digital Ethics and Privacy as one of the top trends for 2019. 2020 can be the year businesses buckle down and really focus on securing customer, employee, and business data, making the world a safer place. Implementing this strategy is challenging, but industry organizations like NIST and ISO have recently drafted data privacy frameworks that incorporate data privacy best practices and common regulatory requirements to help organizations build smart, sustainable data privacy programs. Data privacy breach law trends that should be on everyone’s radar. Your board and executives will be hearing a lot more about the importance of data protection in 2020, and you’ll need to be prepared to demonstrate the effectiveness of your program and where improvements need to be made. But this doesn’t mean these conversations are over. An issue directly tying the pandemic to data privacy was contact tracing and the collection of health data. These major events are only the beginning of a paradigm shift in data privacy. Data privacy awareness training is a staple of most organizations, an annual routine just like cyber awareness training. In 2020, we expect the market for privacy awareness training to increase, with training providers launching new, tailored offerings and companies increasing their annual investment in data privacy training. While legal teams and compliance experts have extensive knowledge of these regulations, organizations lack privacy professionals who have the skills and experience to actually operationalize compliance. Progress, Telerik, Ipswitch, Chef and certain product names used herein are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and/or other countries. With leaders like Microsoft and Apple making privacy a core part of the feature set, others will surely follow. Supply chain security is on top of a lot of organization’s security strategies list. For International Data Privacy Day, we asked one of our experts here at Progress about data privacy trends for 2021 and beyond. One of the biggest shifts in data protection and privacy in 2020 will continue to rumble on in 2021, as the aftershocks of Schrems II will still be felt. Focal Point is not a licensed CPA firm. Nelson Ortiz is an internal communications manager for the corporate communications team at Progress. This takes place around the globe in an international effort to empower and encourage individuals and businesses to respect privacy, safeguard data and enable trust between all people. In addition, the cost of compliance has increased significantly, and teams are struggling to find the staff they need to support mammoth compliance programs aligned with regulations like the GDPR, CCPA, and HIPAA. California set off a chain reaction when it passed the CCPA in 2018. The easiest way to communicate the importance of data privacy to executives? It was already arguably the most changeable, fluid and impactful board issue, and also one of the least well-understood. The General Data Protection Regulation (GDPR) may have pushed data privacy into the spotlight in 2017 and 2018, but in 2019, privacy became a global superstar. 2020’s multiple COVID lockdowns and the tectonic swing to remote work saw organizations moving en masse to digital platforms and cloud technologies. While a few different federal privacy bills have been discussed, two stand out from the pack: the Consumer Online Privacy Rights Act (COPRA), proposed by Democratic Senator Maria Cantwell of Washington, and the United States Consumer Data Privacy Act (CDPA), drafted by Roger Wicker, a Republican Senator from Mississippi. To this end, CISOs and their security teams need to become more educated on new data privacy laws and their changing requirements. Since 2007, Jan. 28 has been known as International Data Privacy Day, observed in Europe as Data Protection Day. Highly anticipated data privacy bills from Washington, Texas, and New York all failed to pass this year, after heated debates. Today, these sentiments extend into all interactions between customers, organizations and devices. Data privacy is a hot topic because cyber attacks are increasing in size, sophistication and cost. More states will introduce or pass new data protection laws.. Data… Embrace them as an opportunity to take an in-depth look at your privacy program or to develop a program if you don’t have one already. Barbara Lawler, Chief Data Privacy and Ethics Officer at Looker. With an increased focus on privacy compliance, the need for knowledgeable, experienced data privacy professionals has increased. The call for a federal data privacy law will grow louder.. State privacy laws create new and significant business... 3. Top 5 Data Protection Trends of 2021 Digital transformation isn’t a buzzword anymore. State of Industry. The GDPR set a high bar for penalties, with violations costing organizations up to 4% of global revenue. In recent years, the conversation around data privacy has grown following the advent of GDPR and major instances of data misuse. The new year will see the continuation of some long-time trends with a few notable additions. 4 Free Cybersecurity Awareness Email Templates To Use at Your Company, The 5 Most In-Demand Cybersecurity Jobs for 2020, The Future of Internal Audit: 10 Audit Trends to Prepare for in 2020, How to Get Started on the DoD's CMMC Certification, Business Continuity and Disaster Recovery. Job searches for titles like “chief privacy officer” and “data protection officer” have increased by 77%, but there aren’t enough privacy experts to go around. It’s important to keep employees on their toes. The GDPR and CCPA now require companies to be much more transparent about what data they share with third-parties and how third parties use this data.