Ottawa, Canada-based cyber security firm, Titus has identified compliance, cybersecurity threats and personal data privacy trends to dominate in 2020.
The year ahead will see a rise in business data and personal data security, email monitoring and the importance of Chief Data Officers (CDOs) and Chief Information Security Officers (CISOs).
Titus’ trend report says that data insights are more valuable than oil, which is why data security pros increasingly are assessing the value of business data that needs protecting first. However, it was interesting to note that the prediction also claims organisation will encourage head of ITs to find common ground.
Companies will try to bridge the gap between CDOs and CISOs
“As data security, personal data privacy and compliance demands escalate, so will the opportunities for Chief Data Officers (CDOs) to partner with Chief Information Security Officers (CISOs). Companies should encourage these two stakeholders to find common ground, align on priorities and build value-based recommendations to ensure that budget-focused CFOs actually green light important projects,” the company said in a statement.
The predictions are based on several surveys and conversations with enterprises around the world, it said.
Here are some of the data security predictions for 2020:
- Limited data-sharing agreements could diminish the effectiveness of artificial intelligence and machine learning solutions. It’s important to remember that automation can significantly ease the identification and protection of sensitive data. The prediction suggests that in 2020, the focus will be on helping organisations normalise their ML usage as it relates to data management and data protection.
- People are still unaware of their personal data’s vulnerability. Most of the CISOs simply don’t know all the places where personal data exist within their organisations. And once you are not aware about such data, it becomes difficult for a CISO to protect them.
- Email is a big risk. On an average, an office workers typically send about 40 work-related emails and receive about 90 emails daily, according to TechJury, a software reviewing firm.
- If you are not compliant to The California Consumer Privacy Act (CCPA) or to General Data Protection Regulation (GDPR) by July 2020, be ready to face harsher fines and possible jail time. And don’t forget the new privacy legislation introduced in October called, the “Mind Your Own Business Act.” This latest piece of U.S. legislation details the strongest consumer protections and cautions that corporations will be held accountable for private data abuses.
- Data scientists can elevate a company’s security strategies by analysing the lifecycle of data with a critical eye to security implications. The role will evolve and will be defining and deploying security policies.