Privacy and Data Protection Laws Stimulate the Technology Market and Growth of New Startups in the Sector

Since discussions about privacy and security in the digital environment have become a trend around the world, several countries have implemented their laws on online data protection. The laws are intended to ensure that sensitive information is not stolen or used dishonestly.

This type of law mainly affects public and private sector companies, large and small, and has raised questions about how companies deal with storing the data of millions of users and how to protect a large amount of information efficiently.

Concerns about data protection and user privacy have spurred a new type of market, where spending on tools that promise such protection is expected to exceed $8 million in 2022, according to research by the Gartner Group.

The subject of data protection has already made headlines and caused countless controversies when, accidentally or through some oversight, this information ends up leaking and exposing the intimacy of millions of Internet users.

The fear that this data will end up in the wrong hands makes governments increase their vigilance against cyberattacks and the priority is to invest in the modernization of IT structures and shows the need to seek solutions combining public policies and technology.

Thus, the objective is to make the digital environment safer, improving the experience of customers and public employees alike. An estimated $151 billion will be invested in digital security software.

The above means good news for new products like our YOKdata (https://www.yokdata.com).

Full article on https://www.cpomagazine.com/data-protection/privacy-and-data-protection-laws-stimulate-the-technology-market-and-growth-of-new-startups-in-the-sector/

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