The Now: Misaligned Goals putting companies into risk.

We explored the data consent/protection dilemma as pointed out by this McKinsey report. On one side, current open banking initiatives open new business fields for third-party companies who do not own a banking license or do not operate as a financial institution. On the other side, regulatory rules (e.g. GDPR) impose new security and privacy requirements on third-party companies.

The requirements for companies operating today:

The EU Digital Services Act (DSA), described in this Cloudflare's blog post.
The ISO/IEC 27001 standard, for example, imposes...
In this Cloudflare blog, you find an overview of the different standards such as: ISO 27001, SOC2 Typ II, PCI DSS, FedRAMP.

The requirements of data protection:

Compliance to ISO

We outline problems as follows:

GDPR violation can with damage costs of up to 4% of revenue

Insight 1: Employing and investigating alternative compliance solutions have the potential to save companies from compliance violations.

How can privacy-preserving technologies help?

In this paragraph, we answer how

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Data Consent - Protection Dilemma

Created at 01.07.2024 by jp

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