ZL Tech

Today's data breaches are at an all-time high. The increasing complexity and severity of these breaches cost the world more than $1 trillion in 2020 , up 50% from 2018. Consequently, consumer trust in data security is at an all-time low, with 59% of Americans , for example, describing companies that fail to meet the data privacy expectations as "untrustworthy." But there is another side to this fuss about data privacy . The Other Side On the other side, companies have made a considerable transition to a hybrid work environment due to Covid-19, accelerating digital transformation initiatives by the equivalent of seven years in just a few months to fulfill consumer demand. However, the increasingly tricky work of preserving data and system security in a complex, dispersed environment is no simple undertaking – and it has grown considerably more difficult due to the same pandemic. And this swift digital transformation is raising concerns about the systems that now have vari...

Preparing for the Australian Online Privacy Act by studying the GDPR and CCPA's parental consent requirements for minors Australia announced plans in October 2021 to mandate social media companies to obtain parental consent for users under the age of 16. According to ABC News , under the proposed legislation, corporations such as Facebook, Reddit, the dating app Bumble, and the Meta-owned ( previously Facebook ) messaging platform, WhatsApp, would all be forced to make reasonable efforts to identify the user's age and prioritize children's interests when collecting data. According to a Reuters report, the Online Privacy Bill, when passed, will make Australia one of the most stringent countries in the world when it comes to age-based social media restrictions, with failure to comply resulting in multimillion-dollar fines and, in the worst-case scenario, the loss of Australia's business license. This step is seen as the country's efforts to curb Big Tech's influe...

Organizations often utilize data insights to boost personalization capabilities, target consumers, and produce consumer-centric products to enhance their business. On the other hand, customers' perceptions of the brand, prospective and present workers' perceptions of their workplace, and how authorities and media outlets approach the organization are all influenced by how these organizations use that information. Therefore, to fully exploit the potential presented by today's data privacy atmosphere, companies must consider data privacy and information management in their branding strategies. Making Data Privacy a Part of Your Branding Strategy People are attentively monitoring other company's data privacy policies as some of the largest tech giants opt to take a more responsible approach to data protection . They consider how a company's actions influence data protection and choose to do business with more privacy-friendly companies. Therefore, joining the data pro...

Discussing how consumer data analytics can not only help small to mid-size retailers survive in this increasingly competitive environment but also make the most out of it On the one hand, the pandemic along with technology has taught customers new purchasing behaviors, while on the other, the rise of e-commerce has provided businesses with new avenues to reach those customers. To put that into perspective, retail sales in the United States hit $1.47 trillion in the fourth quarter of 2020, $1.58 trillion in the first quarter of 2021 , and are expected to exceed $4.44 trillion in 2021 . Therefore, it is fair to say that organizations now have more channels in terms of online retailing or e-commerce than ever before to connect and sell to customers because of the pandemic.  However, average-sized merchants find it increasingly difficult to compete against the omnipresence and scale of global online marketplaces as margins shrink, the number of digital buyers increases , and the costs...

Delving into the downstream approach for information governance and eDiscovery needs when migrating to the cloud The Commercial Division of the State of New York has consistently led the way as an innovative forum, proposing policy modifications. During the last few years, discovery difficulties involving electronically stored information (ESI) have taken center stage in most cases before the Commercial Division. The Commercial Division Advisory Council submitted a proposal on September 7, 2021 that contains numerous potential adjustments to the present e-discovery laws bringing hope for attorneys, companies, and eDiscovery professionals alike. However, as every organization's eDiscovery needs come with unique challenges, companies must consider their approach towards their information management and data retention techniques. For example, a financial services company will need to deal with its records and data differently from a manufacturing industry company for several reasons...

A look into the exponential growth of data, the complexity of people processes and technology, and the razor-thin deadlines Every professional involved in eDiscovery would agree that budgets drive everything, including technological solutions. Therefore, they must be cost-effective to truly solve problems. However, these professionals frequently struggle with the existing eDiscovery solutions. One of the most significant reasons is that eDiscovery budgets are often fraught with price shock accounting for 20% to 50% of all litigation expenses . This has prompted many industry leaders to debate why the costs of running an eDiscovery function continue to rise at a rate that outpaces practically every other department or function year after year. Though there are a variety of reasons responsible for driving the eDiscovery operations' cost, the following three are the most common: Data is growing at an exponential rate Complexity of technology Razor-thin deadlines Data is growing at an ...