The Cost of Data Privacy in 2021 is hard to estimate, but can be measured by the average cost of a data breach. Data breaches are one of the many problems medium and large enterprises face today. Having a secure system that prevents data loss and breaches can be a difficult and complicated task in 2021. The average cost of data breaches is estimated by Data Sentinel in the graph above.
The cost of data privacy in 2021 can also be measured in the amount of work needed to keep your data secure. First of all, you must be aware of what kind of data you have and where is it stored. This means every bit of sensitive data, from cloud and on-premises sources to legal documents. Moreover, your enterprise must have clear guidelines on who has access to it and how changes in your company impact this.
Another challenge modern enterprises face is compliance with the most recent data protection regulations. In the past few years, the cost of data privacy has increased, as more and more governments are taking drastic actions to protect consumers’ sensitive data. By using a dedicated data privacy solution, you can be sure everything is in compliance and you’re not at risk, both from an internal and external point of view.
The best software solution for data privacy in 2021 is the one that works best with your sets of data while addressing your most important issues. Without a 1-on-1 free consultation, we can’t recommend you the best vendor, but we can definitely show you what makes our partners, Data Sentinel, unique:
What Makes Data Sentinel Unique?
Purpose-Built AI / ML
Our AI/ML purpose-built application learns and improves as time goes on.
Alerts you of data policy infractions throughout the entire information management lifecycle.
Fast and Scalable
Data Sentinel is infinitely scalable. Engineered to perform in large and complex organizations.
Scans All Data
We scan every data element. Structured, semi-structured, unstructured, images – all sources, all locations.
We monitor and alert you of sensitive data policy infractions in near real-time with our persistent monitoring architecture.
Data Sentinel is designed to be integrated into GRC Applications, Privacy Management Systems, and Data Governance platforms.
You define what sensitive data means for your organization. PII/PHI, Trade Secrets, Employee Data, Operational Information.
Zero Data Movement
The data does not move and is not changed in any way.