Data and privacy scandals have reached a boiling point over the last couple of years. This has led to lawsuits and new regulations that are changing the game for tech companies around the world, whether they like it or not. What is your company doing to move forward?
The law is coming for tech companies, and it’s not coming quietly.to speak about regulation, putting regulators in a position where they need to respond.
But it’s not just regulators fighting back. Consumers are becoming more informed as well, leading them to demand more. For example, did you know that More importantly, it sets legal precedence for future court cases. ould you imagine if the nearly 150 million people that were affected by the breach did the same? That would translate into roughly $1.2 trillion in lawsuits. Equifax would cease to exist.
If this action moves up from the state level, this would be an immediate risk for every company actively collecting and processing consumer data. What does this mean? These facts and more should rapidly change the way businesses think about how they're interacting with their consumers, especially when it comes to protecting their data.
there's no doubt it will be difficult to get consumers to understand the immediate need to own their data on their own personal server. It will also be difficult to scale such a solution quickly due to the prohibitive costs for so many people around the globe (it costs
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