This week is National Data Privacy Week. It’s a reminder of the urgent need to pass a federal data privacy law. Fifteen state legislatures have passed different data privacy laws, including New Hampshire just last week, bringing the total number of state privacy bills passed since the start of 2023 to 10. This growing patchwork of laws is confusing consumers and businesses, and is having a chilling effect on our economy. Failing to pass a federal data privacy law will cost our economy more than $1 trillion over ten years, with $200 billion being paid by small businesses.
In this week’s Tech At Work, see how tech is working to keep our data safe and using new products and innovations, including artificial intelligence (AI), to help prevent attacks before they happen.
How Tech is Keeping Our Data Secure
Accenture is delivering AI and quantum computing solutions to help organizations identify and remediate cybersecurity vulnerabilities and ensure data is secure even when hackers break through certain security measures.
Cisco’s 2024 Data Privacy Benchmark Study found the average company spent $2.7 million on privacy compliance in 2023, up from $1.2 million in 2019, with small organizations (50-249 employees) spending $1.5 million annually.
Salesforce’s Bug Bounty program has awarded$18.9 million to ethical hackers who have reported nearly 36,000 potential vulnerabilities.
As part of National Data Privacy Week, Dell shared the company’s vision for the future of data privacy.
Meta rolled out end-to-end encryption for all personal chats and calls on Messenger and Facebook, making them even more private and secure.
Google began testing new features that help protect data online and give users more control over how their data is used.
Zoom’s newest product offerings use AI-powered solutions to enhance customer privacy and security.
Wilson Sonsini shared ten data privacy predictions for 2024.
New in Tech
SAP Announces New AI-Driven Retail Capabilities to Enhance Customer Experience
SAP announced new AI-driven capabilities to help retailers optimize business processes and drive profitability and customer loyalty. These innovative capabilities, from planning to personalization, will provide retailers with holistic customer insights and data analysis to adapt and thrive amid rapid market changes.
What We’re Saying
TechNet Releases its 2024 Federal Policy Agenda
TechNet Announces Four New Members: OpenAI, Scale AI, Socure, and Stack as New Members
TechNet Kicks Off National Data Privacy Week with Letter to Congress
Before You Start the Weekend
What’s in store for AI in 2024? Deloitte shared key AI predictions across technology, hardware, software, vendor landscape, enterprise adoption, workforce impact, and AI regulations.