The threat and reality of data larceny and exploitation has made data security a matter of major concern to consumers and regulators globally.
The pervasive risk of data larceny and tampering has given rise to a number of data protection measures, both at the systemic and institutional levels. Further, the risk of infringing on a customer’s privacy is growing by the day given the increased frequency and granularity of the data being collected and advances in the technology for processing the same. This has led to the need for laws to secure personal data privacy.