Data protection will not look the same in ten years. For Financial institutions, the demand for online services, constant account access, faster transactions, and personalized financial tools continues to increase the amount of sensitive data institutions are required to collect and protect.
Have you ever considered buying refurbished products but questioned their reliability? In recent years, major companies such as Walmart, Newegg, and Valve have entered the refurbished products market. Walmart’s “Good as New” refurbished program launched in 2022.
In 2023, Meta, the largest social media platform, was fined a record $1.3 billion for not complying with European Union data protection rules. Such a hefty fine exemplifies the legal consequences of mishandling Personally Identifiable Information (PII).