With data playing a pivotal role in today’s business operations, maintaining data privacy should be the top priority of every organization. However, protecting data is easier said than done. Businesses of all sizes are grappling with the constant barrage of cyberthreats, evolving regulations, and employee-related vulnerabilities, making data privacy a complex and critical challenge.

Just as our interconnected business world has paved the way for new ideas and innovative opportunities, it has also made room for emerging issues regarding data privacy. Now more than ever, organizations are relying on external vendors to help streamline their workflows, optimize processes, and enhance overall efficiency.

In the digital age, our everyday lives are woven into a vast tapestry of data. Every click, swipe, and interaction leaves a digital trail, fueling a multibillion-dollar industry built on the exchange of personal information. But as awareness of data privacy risks grows, so does the need to address the question, “What does the future hold for our most precious digital assets?”

In this article, we will explore the key predictions regarding data privacy in 2024 and what they mean for businesses.

Everyone from cybercriminals to government agencies can attempt to monitor and access your data on the internet. To protect yourself, you need a virtual private network (VPN), which encrypts data sent from your computer to the internet. However, not all VPNs are created equal.

Running a small- or medium-sized business (SMB) in Ontario entails following national and local mandates, such as tax policies and guidelines on how to reopen establishments during the pandemic. It also requires abiding by Canada’s data privacy laws.

Because almost all businesses today collect, store, or share their clients’ digital information, consumers have become increasingly concerned with how these data are used.

Did you know that in some industries the biggest cybersecurity threats come from inside a breached organization? Sometimes it's motivated by financial gain and sometimes it's plain-old ignorance. So how can you protect your organization from insider threats?
#1 Educate
You must teach your team to recognize personally identifiable information (PII) and understand the financial implications of a breach.