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