There is an ever-growing amount of data tied to individuals, and this is only set to accelerate as the scope of the IoT grows. By 2020, it is expected that for every person on the planet, there will be forty devices connected to the internet – an overwhelming trove of data linking person to product or service. Tim Smith, head of technology, media and telecoms at BLM, explores this further, as well as the impending General Data Protection Regulations, in an article published in Defence.Digital:
As we continue to acclimatise to managing our lifestyles through a network of inter-connected devices, so too is the business world embracing this development in a big way – and facing the risk to data that comes with these new technologies. The European Parliament, Council and Commission have addressed this risk early on, with the GDPR set to come into effect May 2018.
Data protection is an increasingly important issue for many consumers, who are experiencing a growing loss of control over their own personal data. Corporate cyber-attacks are becoming increasingly sophisticated and data breaches to organisations such as Yahoo and Ashley Madison have had real-life ramifications for customers, leaving them, and companies, exposed. With an individual’s personal and financial information at risk, many are understandably wary of how this is protected and feel an increasing loss of control over their data.
Click here to read the article in full.