Earlier this month, two key regulatory bodies summed up their current perspective on organizations’ responsibility for data security and privacy. Companies that are dealing in any way with electronic consumer data — and its hard to imagine any being completely disconnected from the connected world — ought to be listening more closely to the regulators. Yet experience suggests not enough are. Continuing to not respond to regulators’ concerns and to not stay abreast of consumer expectations about data-handling practices could very well result in less business flexibility and more business risk given the current environment.
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