Compliance Challenges and Unrealistic Budgets

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March 10, 2020
Security
March 10, 2020

Compliance Challenges and Unrealistic Budgets

The historical tension between security and privacy will unleash new challenges in the near future.

The historical tension between security and privacy will unleash new challenges in the near future.

Consumers shed more data each day, and as more connected devices enter the marketplace, the volume of available data will balloon. Yet those organizations creating devices and managing consumer data aren’t planning for future scenarios.

Managers must develop and continually update their security policies—and make the details transparent. Most organizations aren’t devoting enough budget to securing their data and devices. Those that haven’t carved out enough budget to secure their internet of things environment will find themselves dealing with vast recalls, remediation and lawsuits.

A fragmented regulatory landscape promises significant headaches for compliance officers and risk managers, who must ensure current policies and procedures for governments, companies, nonprofits and news organizations.