What you need to know about data privacy compliance in 2023

16 Feb 2023

blog

So much personal information has been shared through computer networks ever since we started using the internet; hence, protecting our data privacy has become a must.

Data privacy compliance and cybersecurity go hand in hand and are required regardless of the organization’s size.

Between Jul 2020 and Jul 2021, GDPR violations increased by over 113.5% resulting in a jump in fines by 124.92%. HIPAA violations can carry a penalty between $100 to $25,000 per incident.

It is estimated that 75% of the world’s population will have their data protected by the end of 2024, falling under one or more privacy regulations such as GDPR, HIPAA, an industry or locality-based privacy rule.

Putting adequate safeguards in place to make data privacy a priority and factor it into all your data collection processes is crucial as your company collects, sends, or stores personally identifiable information (PII).

To help you keep up with the latest in the data privacy field, we compiled the top 5 trends that you should be aware of for the year 2023:

1. AI Governance

Artificial Intelligence (AI) has made its way into many of the applications we use daily, and around 40% of privacy compliance technology requires AI to operate, as many of its algorithms keep data protected.

Organizations need to govern AI properly whenever it is used in the data protection area to ensure that the automated processes don’t expose sensitive data by accident.

2. Consumer Privacy UX

Over the last several months, we’ve seen a trend of putting more privacy power into the consumer’s hands.

Consumer privacy UX became a “thing” when privacy regulations started requiring that apps and websites provide data transparency and tell people what data they’re collecting, how they’re collecting it, and what they do with it. People also need an “out” to retrieve their data back.

3. Increased Surveillance of Remote Employee Monitoring

Many organizations are now running a remote or a hybrid office set-up, causing them to boost monitoring employees who are working off-site, which in turn resulted in data collection changes as companies need to ensure that they aren’t violating their staff’s right to data privacy, especially when installing monitors on the employees’ devices for security reasons.

With about 49% of remote employees using their personal computers for work, companies should refrain from gathering or back-up personal data owned by the employee.

4. Privacy-Enhancing Computation (PEC)

AI is helping cybersecurity through PEC.

Using PEC as a built-in software and app component helps address privacy concerns by automating data protection; thus, developers provide value to clients.

When shopping for business tools, look for PEC components in data analytics.

5. Data Localization

Companies and governments are asking a question of cloud providers: “Where is my data stored?” wanting their data to be as close to home as possible.

Data localization is becoming more prevalent as more organizations look at where their cloud data is being stored, especially since the location of their server governs the privacy rules and regulations it may fall under.

For example, with Tik Tok being a China-based company, the social app caused many people to worry about the privacy of their data, as it was stored on servers governed by the Chinese government, which has different data privacy rules than the US and other countries.

When Was the Last Time You Had a Compliance Check?

Are you risking a penalty due to lax controls? How are your data privacy protections?
Give us a call! Let us help with a compliance checkup.

CONTACT US TODAY

Swift Chip provides managed IT and cybersecurity services for a wide variety of companies in fields with stringent privacy and compliance requirements.

Contact Us

Contact Info

LOS ANGELES

10100 Venice Blvd, Culver City, CA 90232, United States

info@swiftchipinc.com 310-881-8770
Swift Chip, Inc.
5.0
Based on 9 reviews
powered by Google
Adrianna SmithAdrianna Smith
01:52 27 May 22
The team at Swift Chip is responsive, knowledgeable, and super kind! Anytime I have an issue, they are quick to contact me back. Technology issues can be very overwhelming for a business owner, so having them on my team is super helpful to keeping my business operating smoothly!
Gary RotkopGary Rotkop
19:50 08 May 20
Very knowledgeable and professional staff that responded quickly, understood what I needed and resolved the issue economically. I had a very specific technical issue with an integration. Although AJ did not have specific knowledge of this very esoteric software, he managed to figure it out within minutes as we were discussing the problem. Very impressed. Thanks Swift Chip.
Udi BarkaiUdi Barkai
14:38 12 Oct 18
We have been working with SwiftChip for the last four years and have exceptional experience with these guys. In particular we would like to mention their extensive knowledge and outstanding customer service.
Keith R. SpragueKeith R. Sprague
10:46 22 Apr 16
Ken and his staff are great. They are very knowledgeable and always seem to have the answer. Highly Recommend...
Van HaasVan Haas
16:27 21 Oct 15
Ken May and his team at Swift Chip has always done a great job for me and the clients I refer. They are on the ball and are usually flexible with their schedule. They know their stuff and get it done right!
Tina Reed JohnsonTina Reed Johnson
16:46 25 Oct 12
Ken May is a very personable and responsive business owner, who is always ready to assist with computer and mobile issues. Swift Chip has the knowledge and know-how to get the job done, no matter how big or small.
Ken HowerKen Hower
14:03 09 Nov 11
Swift Chip worked on my wife's laptop and made it run better than ever...better than new! Pricing was more than reasonable...Call Ken May at Swift Chip...he's the man!!!

VENTURA

2140 Eastman Ave, #104 Ventura, CA 93003, United States

info@swiftchipinc.com 805-318-8770
Swift Chip, Inc.
5.0
Based on 7 reviews
powered by Google
Robert BrothersRobert Brothers
22:11 24 May 22
Best IT company I've worked with in the last 20 years. Highly recommended!
Kate BernabeKate Bernabe
00:52 16 Nov 21
Jim DeArklandJim DeArkland
22:34 20 Jun 21
always a positive experience!
Tiara PalazuelosTiara Palazuelos
15:11 18 Sep 20
They respond very quickly an are very professional! I'm very happy with the IT services they've provided!
Eric AndersonEric Anderson
17:25 06 May 19