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Data management: it’s more than just security

Nearly three-quarters of IT professionals (72%) are worried that tools and techniques nation-state hackers use could filter through to the dark net and be used to attack their businesses.

The worldwide survey of IT decision makers (ITDMs), carried out by HP Wolf Security, found that over half (58%) of IT professionals believe their businesses could become a target of a nation-state attack.    A further 70% believed they could end up being “collateral damage” in a cyber war. When discussing specific anxieties relating to a nation-state cyber attack, sabotage of IT systems or data was the main concern shared by 49% of respondents.  That from IT Pro.

A report released Tuesday by KPMG looks at the growing concerns among consumers about data collection and offers advice for businesses on how to address those concerns.   70% of the companies analyzed expanded their collection of personal consumer data. 75% of the business leaders polled said they’re comfortable with the level of data their company collects, and 95% claimed their company has strong or very strong data protection measures in place.    62% felt that their companies should do more to protect customer data. A third of them said that consumers should be more concerned about how their data is used by their company, while 29% admitted that their company has sometimes used unethical means to collect private data.

On the consumer front, people are becoming even more skeptical and wary about their data being collected. A full 86% of the respondents said they feel a growing concern about data privacy, while 78% expressed fears about the amount of data being collected. Some 40% of the consumers surveyed don’t trust companies to use their data ethically, and 13% don’t even trust their own employers.

Pew Research with Americans opinion on false information – 48% of US Adults now say the government should take steps to restrict it, up from 39% in 2018.    At the same time, dults who say freedom of information should be protected, even if it means some misinformation, has decreased from 58% to 50%.

Let’s hit on an intersection of regulations.   A U.K. citizen tried to file a US Class action law suit, made up entirely of UK Residents, against PubMatic, which is a California base third party advertising company.     The move was blocked by a judge in Northern California, after PubMatic said it would submit to jurisdiction in the courts of England and Wales.

This in the context of the need for a replacement for the EU-US Privacy Shield, which was the framework for data transfers across the Atlantic and was invalidated by the courts. 

IDC’s new report says spending on data and business analytics will increase 10.1% this year over last.

Why do we care?

There’s this market in data management out there.   Consumers are growing more and more distrustful, meaning savvy businesses are thinking about how to manage that and differentiate, and thus providers can work in this space.   

There’s a whole legal compliance layer to data too – making this more and more complex, and thus more and more profitable.