Even the smallest piece of personal data can pose a significant threat to privacy when in the wrong hands. In 2000, it was possible to identify 87% of individuals with just three pieces of information. With the vast amount of personal data uploaded online, the risk to individuals has increased. Imperva Research Labs found that 76% of data stolen in the 100 biggest breaches was personally identifiable information. The number of data breaches has increased by over 30% each year since 2017, with more than 870 million records being compromised in January 2021 alone.
Web scraping bots enable bad actors to extract high volumes of data from multiple websites, allowing hackers to piece together seemingly unrelated pieces of information to gain a clear picture of the user. This data can become an identity thief's golden ticket, with devastating consequences for individuals and businesses. GDPR violations can result in significant fines, with the financial implications for businesses and society as a whole being huge.
The principle of consent is crucial in data protection regulations, with individuals giving explicit consent to specific data processing activities that can be revoked at any time. As individuals become increasingly interested in the data that organizations hold about them, it becomes essential for businesses to manage personal data securely. Stricter regulations regarding data privacy and protection are set to become more prevalent, making it critical for organizations to easily identify and classify personal data across their estate. By extending security controls and responding proactively to subject access requests, organizations can better protect personal data and preserve the trust of their customers. Choose to store you date privately by a company who refuses to sell you data or compromise on security. 180Vault is that company.
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