Data privacy has become crucial in today’s digital world, especially for small and medium-sized businesses (SMEs) in Leeds and Bradford. With the increasing need to protect personal information and maintain compliance, businesses must stay informed about the latest trends.
Companies of all sizes must adhere to regulations such as HIPAA, GDPR, or other industry-specific privacy rules. By the end of 2024, it’s estimated that 75% of the world’s population will have their personal data protected under one or more privacy regulations.
Data privacy compliance is essential not only for large enterprises but also for SMEs in Leeds and Bradford. It is intrinsically linked to cybersecurity, and breaches can result in hefty fines. Between July 2020 and July 2021, GDPR violations increased by 113.5%, with associated fines rising by 124.92%.
To help businesses in Leeds and Bradford stay compliant and secure, we’ve outlined the most significant privacy trends for 2023 below:
AI Governance: As AI becomes increasingly integrated into privacy compliance technology, proper governance is essential to ensure automated processes don’t unintentionally expose sensitive data.
Consumer Privacy UX: Empower consumers with centralised privacy portals, allowing them to access and manage privacy-related settings in various apps and platforms.
Increased Scrutiny of Remote Employee Monitoring: With remote work on the rise, businesses need to balance employee monitoring and privacy, ensuring they don’t infringe on the rights of their staff.
Data Localization: Privacy concerns have led to a growing interest in data localisation, with companies and governments seeking more control over where their cloud data is stored.
Privacy-Enhancing Computation (PEC): Implement PEC components in software and apps to make data protection more automated and address privacy concerns proactively.
Is your Leeds or Bradford-based SME compliant with the latest regulations? Contact us for a compliance checkup and safeguard your business.