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The cybersecurity and dataprivacy industry is definitely a "growth industry." According to Forbes , the global cybersecurity market will be worth $173 billion in 2020, and looking to increase to $270B by 2026. So, it is not at all surprising that cybersecurity and dataprivacy are top priorities for the C-suite.
Gartner forecasts that by 2026, more than 80 per cent of businesses will implement Generative AI in their production environments. By 2026, the industry watcher Gartner is forecasting that more than 80 per cent of businesses will implement GenAI APIs in production environments. However, AI governance remains a challenge.
The measure prohibits the sale of sensitive data entirely, includes universal opt-out methods and anti-discrimination rules provisions, and provides a limited 60-day right to cure that expires in 2027. With MODPA, Maryland sets a precedent for prioritizing consumer privacy and data protection in the digital era.
Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. It is no different in banking, where digital-only banks are growing rapidly. According to Fortunly.com, “The total transaction value of digital payments grew from $4.1 trillion in 2019 to $5.2 trillion in 2020.”. The challenge.
It’s estimated that more than 20% of retail sales will come from eCommerce in 2023 (rising to nearly 25% in 2026), illustrating the magnitude of digital transactions. The rise in cyber incidents coupled with the increase in digital privacy regulation enactments worldwide has thrust data protection into the front of the mind of consumers.
Other buzz words and topics that are top of mind: Quantum computing; NIST standards; a patchwork of dataprivacy legislation and standards with hope for more consistency; foreign adversaries ramp up their efforts and the U.S. Criminals should be on high alert.they don't have all the advantages. Growing patchwork of U.S.
The proliferation of IoT devices and sensors will accelerate, allowing organisations to collect and leverage data for improved operational efficiency and real-time monitoring. Phishing attacks , still the most common form of attack ( with 9 out of 10 databreach attempts originating from them ) will become next level.
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