The 21st-century mantra for business worth its salt is that information is power. So businesses in Africa as well as around the world have been actively collecting information about their customers, and suppliers among other things. So you would think all these information is bringing them that said power!
Well, turns out most businesses have become so good at collecting information, and they have lots of it than they can handle. That is according to Gemalto, one of the world’s leading digital security company.
Gemalto recently tabled a report of a global study, which reveals that two in three companies (65%) cannot analyze the data they collect. Only half of the companies (54%) know where all their sensitive data (which they collected over time) is stored. To make matters worse, two-thirds of the companies (68%) admit that they don’t carry out all the procedures as stipulated by the data protection laws outlined in the GDPR.
These are just some of the revelations found by the fifth annual Data Security Confidence Index. The research surveyed 1,050 IT decision makers and some 10,500 consumers from around the world. Though …read more