- April 23, 2021
- Bill Tolson|
- Data Privacy|
- Regulatory Compliance|
- Data archiving|
- Cloud archiving|
- Application Retirement|
- Information Security|
It's that time of year again where industry leaders and pundits alike preview the coming year to suggest which new or continuing trends will dominate the technology markets.
With the continuing explosion of cyber and ransomware attacks, as well as the changing landscape of data privacy regulations around the world, I thought it would be a good idea to look at current and emerging security-related trends. I’ve focused on not only data or information security, but also network and cloud security issues that customers, analysts, and industry pundits have highlighted as key issues that must be addressed if an organization wants to keep up with the ever-changing cyber-threats environment. As a reminder, the benefits of staying current with on-premises and cloud data and network security requirements include reduced risk of privacy law non-compliance, decreased internal and external IP theft, lowered cyber-liability insurance premiums (at a time when we’re seeing insurers imposing tougher underwriting, pushing for increased rates, and trying to limit Ransomware coverage – especially for those that don’t have solid controls), and fewer shareholder lawsuits.
The security trends in no particular priority order:
Gartner Research has recently confirmed that cloud archive security will be one of the top two or three most important factors their clients will be looking for in 2021. Companies will continue to hold back their most sensitive data from the cloud without more advanced cloud security capabilities.
With accelerated world-wide move to the cloud, infrastructure and data/information security have become the biggest risk mitigation focus for all organizations across the board. New privacy laws focused on individual personal information protection and storage, digital transformation driving cloud data consolidation, cyber-hacking, evolving ransomware threats, and client expectations are driving organizations to rethink their approach to data security. And future data privacy laws will potentially demand even higher security requirements and damaging fines.
Chief Information Security Officers (CISOs) are now tasked with not only keeping sensitive information secure from external threats, but also from internal bad actors. Organizations that don’t place data security as their top priority will find themselves facing increasing fines, expensive litigation – including from both data-subjects and shareholders, and loss of business. Best of breed data security is now the minimum requirement for both organizations as well as their cloud vendors. Without it, both current and potential customers will steer clear.
Archive360 is challenging traditional approaches to data/information management and archiving by enabling customers to implement a Zero Trust, PaaS-based cloud architecture. This allows our customers, which include some of the most security-conscious organizations in the world, to build the most secure cloud archives and information management environments possible, including customized security and data privacy, incorporate best of breed security practices such as on-premises encryption and key storage via our Cloud Security Gateway, homomorphic encryption, secure multi-party computation, granular entitlement-based access controls and field-level encryption.
Join Archive360's panel of experts as we discuss the latest regulatory changes on data privacy that will affect your compliance program.
Bill is the Vice President of Global Compliance for Archive360. Bill brings more than 29 years of experience with multinational corporations and technology start-ups, including 19-plus years in the archiving, information governance, and eDiscovery markets. Bill is a frequent speaker at legal and information governance industry events and has authored numerous eBooks, articles and blogs.