Here's Why Data Compliance is MUST in 2024
Data is the lifeblood of modern businesses, powering everything from marketing campaigns to financial transactions. With the advent of AI and automation tools, data protection is more critical than ever. Enter data compliance – the essential practice of protecting and keeping your data safe from prying eyes and cyber threats. In this blog, we explore why industries require compliance and governance solutions to safeguard themselves from data breaches and why it is crucial for them to adhere to compliances as part of their growth. Why Data Compliance? Compliance isn't just about avoiding fines; it's about building trust. By showing your customers their data is secure, you attract valuable employees and clients who value ethical data practices. Records show that: GDPR violations are rising, with fines exceeding €1.1 billion by 2022. Data breaches are getting more expensive, costing companies an average of $4.35 million in 2022. ...