Maryland adds strict guidelines to business requirements following security breaches. An amendment to the state’s Personal Information Protection Act going into effect this fall specifies that businesses must inform data owners or licensees of within 10 days of a breach, and companies must also notify major media within the geographic region where individuals are likely to reside.
Leading privacy vendor OneTrust, in a surprise announcement, said it will be laying off 950 workers, which is 25% of its workforce. This comes despite a statement last month that the company had record growth quarters and was seeing increased customer demand. However, the company’s announcement indicates they decided it best to scale back in response to a potentially tightening market.
New GIACT report looks at identity theft in 2021, including who is most effected, what areas are most vulnerable – and speed to rectify, according to consumers. In many cases, it took institutions months, not days or weeks to resolve the problem, resulting in large opportunity cost to fraud victims.
Digital transformation is so 2021. This Salesforce study finds security and privacy have replaced transformation as the top priority of IT managers. Simplicity is also in style: more plan to consolidate their tech stack (34%) than to add new vendors (11%). Nearly three-quarters (72%) use no-code/low technology, including 50% of marketing departments.