It’s hard to say if things are looking up or down for data security. It seems that companies across all industries are making a point to secure all their data in the wake of the massive data breaches of the past few years.
In addition, GDPR is now law and US legislation not dissimilar to GDPR may be around the corner. Considering the mess that has transpired from data breaches to the likes of Equifax and Facebook, it isn’t as farfetched as it may once have seemed for governments to start stepping in. Enterprise companies are coming under increasing scrutiny for their data security practices or lack thereof, depending on who you are talking about.
At the time of recording this podcast there hadn't been any fines dished out for non-compliance of the GDPR. However, earlier this week Google was fined nearly €50million by France's supevisory authority. Google was quick to act, and as we all suspected Google will be appealing the ruling. Google believes they have been transparent in how they process data. In any case, this appeal will be the first real test of how effective the GDPR is.
It will take time, but more fines are right around the corner. As I mentioned in an earlier article, I believed the first culprits would include Google, and fines against Facebook are probably around the corner.