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Five Data Privacy Trends To Watch In 2024

forbes.com · 1,039 words · saved by 1 readers

The importance of safeguarding data privacy has gained significant awareness in recent years. This is reflected in the growing commitment of governments to ensure data protection through legislative measures such as the GDPR and CCPA. Companies are adapting to this new legislation by introducing new privacy features and rethinking their business models. With the increasing emphasis on data protection, what else can we expect in 2024? Let’s take a look. In 2023, violations of the General Data Protection Regulation (GDPR) cost companies over 2 billion euros—more than in 2019, 2020 and 2021 combined. The GDPR is the EU’s data protection law, described as the “toughest privacy and security law in the world.” Although it’s an EU law, companies operating beyond the EU must comply with it when handling the data of European citizens or they’ll face significant fines. Meta, TikTok and X (formerly Twitter) have been fined over $3 billion for GDPR violations. PROMOTED Countries outside of the EU

Innovation Five Data Privacy Trends To Watch In 2024 By Vytautas Kaziukonis , Forbes Councils Member. for Forbes Technology Council COUNCIL POST Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based) Jan 29, 2024, 06:45am EST Vytautas Kaziukonis is Surfshark ’s Founder and CEO. getty The importance of safeguarding data privacy has gained significant awareness in recent years. This is reflected in the growing commitment of governments to ensure data protection through legislative measures such as the GDPR and CCPA. Co

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