Ovum Report - Data privacy laws: Cutting the red tape4 February 2014
New global survey report shows businesses are vulnerable to future data privacy regulations.
The data privacy regulatory landscape is seriously concerning global businesses. Read more in a report from global analyst firm Ovum, commissioned by Intralinks.
Data privacy regulations: changing the game
The global migration to cloud-based IT systems is forcing governments to update data privacy regulations to meet evolving data sovereignty requirements. This new report from Ovum shows results of an international survey on the effects of these evolving regulations on businesses. Key findings include:
- Two-thirds of businesses expect to have to change in their global business strategies to accommodate new data privacy regulations
- Over half of businesses think they will be fined due to the pending General Data Protection Regulation (GDPR) in Europe
- More than 70% of businesses expect budgets to rise to meet new data sovereignty regulations
- The U.S. is the least trusted country in our survey for respecting privacy rights, lagging behind China and Russia
How can the enterprise adapt?
Data privacy regulations are not going away. Organizations need a way to cut through the red tape and develop a compliance strategy which includes people, processes and technology.
This Ovum report details key recommendations on how to protect, control and locate sensitive information so your business can meet these emerging demands.