Why data needs protection
With Privacy and Data Protection being front of mind for today’s business owners, the regulatory oversight and increasing exposure to fines have made data a prominent operational risk.
Consumers are also waking up to their data rights and how they can leverage them, a trend which will only accelerate. Cyber-crime sophistication is continuously evolving, and data breaches have become a case of “when not if”.
Despite the prominence of these risks at Board-level, Ascot London Consulting believes the way many organisations manage data or try to build investment cases (outside of cyber) is fundamentally broken. All too often, data ownership is fragmented, with no central stakeholder or team that holds a holistic view of the organisation’s entire data. This makes it vulnerable.