Issue link: https://resources.genetec.com/i/1302244
Privacy regulations came into focus when the European Union announced the General Data Protection Regulation (GDPR). Cybersecurity breaches were on the rise and this new legislation promised to give European citizens more control and rights over their personal data. Since May 2018, over 160,000 data breach notifications have been reported across the European Union according to DLP Piper's Data Breach Survey 2020. Data protection regulators have also imposed approximately $126 million in fines under the GDPR regime for various infringements. Other government bodies around the world have also enacted their own data privacy laws. For instance, the California Consumer Privacy Act (CCPA) came into effect in January 2020, and only two months later, the state of Vermont also imposed new data breach notification requirements. Securing an organization requires businesses to collect large amounts of data every day. From cameras monitoring public spaces to access control systems storing cardholder information, there's no shortage of personal information to protect. As the use of security technology increases, questions are coming up about how this personal information is collected, stored, and accessed. Citizens have a right to know, upfront, how and when organizations are gathering and using their data. That's why governments around the world are now holding businesses more accountable. They are imposing clear mandates for data and privacy protection. Under these laws, every business is responsible for how they manage and protect data. But it's not a job that's done alone. A world of evolving privacy legislation Security that respects privacy In Canada, the Personal Information Protection and Electronic Documents Act (PIPEDA) clearly outlines how businesses must safeguard data and privacy. The province of Quebec has also revised privacy laws, proposing to raise non-compliance fines from a maximum of $50,000 to $25,000,000, or 4% of a company's worldwide turnover, which is almost as punitive as the GDPR. Other countries such as Australia, Brazil, India, and Singapore have also shared similar policies or are revising current mandates to encourage organizations to take privacy seriously. At Genetec, we believe that when businesses have access to the right tools, they are better equipped to secure data and protect privacy. Our solutions are designed from the ground-up with privacy protection in mind. They include multiple layers of cyber defenses, video anonymization, archive retention automation, and secure data sharing. These built-in tools and features give you complete control over your data, without slowing down investigations or response. And as privacy laws evolve, you can adjust protection methods and processes to stay compliant. in 1 year under the European Union's GDPR issued in fines