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The Walls Within: Why Organizations Cling to Data Silos in the Age of AI

Finextra

This article delves into the multifaceted reasons behind this phenomenon, exploring why organizations are choosing to keep their AI contained within the familiar confines of their data silos. The Security Fortress: Protecting Data in a Vulnerable World At the heart of this reluctance lies a deep-seated concern for data security and privacy.

AI
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Guarding the Gates: Data Compliance and Privacy

Segpay

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights.

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security. PCI PIN and PCI DSS: Standards for securing payment card data. ISO27001: An international standard for information security management systems.

MFA
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Recurring Billing: Definition, How it Works, and Best Practices

Stax

As the business landscape continues its unstoppable evolution, the necessity for operational efficiency and innovation becomes even more pronounced. Enhanced customer retention The convenience of a “set and forget” payment model lowers the barriers for customers to continue using a service, fostering loyalty and reducing churn.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.

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Deep Dive: COVID-19?s Global Impact On Open Banking And Online Privacy Regulations

PYMNTS

The pandemic has essentially stalled the advancement of open banking in Canada as lawmakers grapple to finalize data protection rules there. It is important to examine both of these impacts to understand how open banking will continue to progress and what it will mean for merchants globally. 1, for instance.

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How to Scale SaaS Growth and Optimize SaaS Operations: 7 Essential Tips

Stax

The SaaS industry has seen explosive growth in the past decadeand this is expected to continue this year. Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. Failure to comply with these regulations can result in heavy fines and reputational damage.