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Making privacy sustainable: Incorporating privacy into the ESG agenda

04
Oct
2023
Making privacy sustainable: Incorporating privacy into the ESG agenda

image credit: adobe stock

Data breaches have been rising in frequency and magnitude over the last two decades. In fact, the Identity Theft Resource Centre (ITRC) found that between 2005 and 2020, data breach events in the US alone increased from 57 to over 1001 – and the total for the first half of 2023 now stands at 1393.

Privacy protection regulations are the primary mechanism used by European and US federal legislators to respond to these breaches. This regulatory response to privacy filters down to government agencies, policy makers, public authorities, supervisory authorities and eventually to organizations themselves – where their privacy and data protection initiatives are reflectively shaped as regulatory compliance requirements.

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