How to turn data compliance into a foundation for innovation

Organizations around the world are facing a growing number of regulations as consumer interest in data privacy increases. According to the Ponemon Institute, mitigation and fines for breaches and noncompliance can cost an average of USD 3.6 million per breach in 2020, with upper costs ranging in the 100s of millions.1 Not only do these fines hurt the bottom line, but data breaches tend to make headlines, affecting customer perception and trust.