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Various Governments eyeing on data privacy

From sensors to supercomputers, the convergence of 5G, IoT, and AI is driving multiple industries to transform. We see this transformation in retail, automotive, factories, homes, and our cities. At the same time, cyber threats are getting more sophisticated and intense amid the increasing levels of remote work and dependence on digital devices. Organizations across all industries are facing devastating threats to their day-to-day operations from opportunistic cyber criminals and nation-state actors. They have mastered ransomware deployment and evolved their tactics to multifaceted extortion—some resulting in million-dollar payouts, damaged reputation, and ongoing loss of operational capacity. To prevail against these threat actors, security teams must understand attacker motivations and behaviors and discover how to further improve detection, prevention, and response capabilities. According to Verizon, web applications were involved in 43% of the breaches and as much as 80% of organizations experienced a cybersecurity breach originating from a vulnerability in their third party software.

As data becomes an increasingly powerful currency, governments around the globe are taking steps to regulate how that data is collected, used and stored. As per Forrester Research , the uptick in data privacy regulations has only encouraged CIOs to double down on baking privacy and security into their overall IT strategies. China recently enacted a new personal data privacy law taking effect Nov. 1 that will require CIOs operating in that market to ensure their IT strategies meet the new requirements. A lot more attention is being paid to cybersecurity because of the various breaches that have happened over the last few years. There's much more boardroom pressure to make sure all those angles are covered. There are five prominent sectors identified as most vulnerable and they are .