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.
With CDP vendors increasing their workforces by 3.4% in six months, compared with an average of 0.2% each six months over the prior two years, the sector seems to be growing again, according to our own semi-annual industry update. There is much talk of composable CDPs but they still employ no more than 5% of the sector workforce. What is a clear trend is the acquisition of independent CDPs by vendors interested in adding a CDP to a larger system (usually an activation system).