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  • Writer's pictureGemma Walton

What Are The Data Protection Trends For 2023?

Updated: Apr 25

In this post, I am going to look at some data privacy and cloud security trends that recently made news for all the wrong reasons, and what you can do to strengthen your cybersecurity defences for 2023. Experts at Opaque Systems and Immuta Opaque Systems shared their views of data privacy trends set to take shape over the next few years. Here, I look at the biggest developments we think will impact privacy on the web in 2023.

As the number of privacy regulations continues to increase around the world, organisations should pay attention to five privacy trends that can help them address the challenges in protecting personal data and complying with regulations, according to Gartner, Inc.

What Are The Data Protection Trends For 2023

With efforts to regulate privacy expanding across dozens of jurisdictions over the next couple of years, many organisations will see a need to begin efforts on privacy programs now. Localised data privacy regulations that are tailored for other countries beyond Europe will also begin driving privacy-first approaches, creating a global compliance landscape that is becoming ever more complicated and expansive. Other drivers of a privacy-first approach will be requirements to be compliant with the European GDPR.

In 2023, ESG should be reaching the point of addressing privacy functions, in which significant risks related to data privacy and cyber security should be included. In 2023, data security concerns will be a major driver of compliance expenditures related to privacy. In 2023, security professionals will have to adequately secure the personal data that might become exposed on a metaverse, to prevent its unlawful sale or distribution.

This places significant demands on the security of mobile devices, as well as on privacy-preserving ways to store data. Using smartphones to store increasing amounts of personal data presents a single point of failure, which creates significant security concerns.

Even if companies are reconsidering their operating expenses in response to inflation, they will still have to make investments in protecting, storing, and backing up their data.

Companies considering cost-saving measures must do so in an intelligent manner and examine where they are allocating budgets for data protection. Cost-cutting measures must be taken carefully, and companies must thoroughly examine how and where they allocate their budgets regarding data security. In 2023, it will be critical to recognise how important your data is and ensure any cuts in your budget will have only the slightest effect on the operations of your company.

Given this alignment between use and protection, businesses will be making data protection and security their highest priorities in 2023. Data protection will be the top priority of governments and businesses for years to come. Aggressively closing data protection gaps in security should be high on the list for any company to address in 2023, if not already.

Companies who successfully do so in 2023 and beyond will be ahead of the curve, implementing innovative tools and strategies needed to protect their data and moving forward competently and confidently. Harmonised security frameworks will empower better information and data privacy across organizations and governments and will empower global commerce instead of stifling it. Aligning and harmonising regulations across the globe will enhance security, especially around data protection, innovation and interoperability, as well as costs.

In response to increasing cyber threats, laws that regulate cyber security practices, such as HIPAA in the US, GDPR in Europe, and Privacy Acts in Australia, are making clear that organisations should be able to demonstrate best practices for information and data security and implement them effectively in all aspects of their businesses. In this post, I attempt to give a comprehensive review of the status of data protection laws around the world, to assist companies to determine if they should upgrade existing policies or adopt new policies. I will also examine how all companies can better protect the personal information of their customers by adopting more comprehensive approaches to their handling of personal data.

Now organisations need to come up with plans for how they can meet emerging data privacy laws, while at the same time appeasing the concerns of their customers. Now, with multiple data privacy laws taking effect across the US and around the world, companies who fail to take appropriate steps to safeguard data are facing substantial penalties. As penalties for not complying with privacy laws appear with increasing frequency, companies will notice, and invest heavily to secure data.

This is likely to have knock-on effects in how data protection regulators view the risks of privacy and security posed by ICT providers. As data protection attention moves to becoming more of a necessity rather than a trend, companies and providers will come up with creative ways to provide security without losing performance.

As engagement models for work and life move towards hybrids, both the opportunities and the appetites for increased monitoring, surveillance, and other activities that process personal data are increasing, with the risks to privacy becoming of utmost importance. Based on these trends, it is evident that privacy is evolving beyond regulatory compliance to a new age of integrated data governance and trusted data usage.

I believe that geopolitical and economic developments of 2022, along with emerging technology trends, will be major factors impacting the privacy landscape in 2023. Byron Horn-Botta says the following trends will impact the way organisations protect and manage their data in 2023 and beyond.

What Are The Data Protection Trends For 2023

In 2023, we can expect to see two-fold growth in security awareness, along with products that leverage Public Key Infrastructure (PKI), but also cloud security more generally, particularly in emerging markets such as APAC and African countries, as opposed to the West. These factors are likely to result in a more varied and fragmented market for data, with local companies emerging and reappearing as companies that monitor the network and mobile apps, particularly in the realms of governmental and education websites. It is extremely unlikely that data flows will slow down in response to privacy concerns and regulations, particularly since so many businesses are built on leveraging data.

Now that hybrid working is here to stay, companies in 2023 will have to look for easy, inexpensive solutions that efficiently backup and secure data across their remote environments, with no need to invest in extra resources or capital. Forward-thinking companies will investigate methods that secure their data regardless of the way data is being used - ingestion, analytics, sharing, or in-rest.

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