Global market investment in cybersecurity has increased, and it is estimated that throughout 2020, it will grow up to 5.6% according to data from the Canalys study. The investment is expected to reach 43.1 billion dollars in network security services, endpoints, web, e-mails, vulnerabilities and security analysis. 36% of expenditures correspond to maintaining network security. This widespread increase was a consequence of the increase in remote work and the need for companies to remain competitive.
Investing in cybersecurity allows you to ward off virtual threats and therefore protect your company and customers financially. Whenever customers realize that they are putting their data at risk, they will consequently lose their confidence.
Two years after the enactment of GDPR in the European Union, we hereby recover its main characteristics. The General Data Protection Regulation (GDPR), Regulation (EU) 2016/679 of the European Parliament and of the Council, of 27 April 2016, presents a single set of rules relating to the protection of individuals with regard to the processing of personal data and the free movement of such data.
This regulation began to be enforced on 25 May 2018, and applies to companies that are established or operate within the European Union. This law came about mainly due to the impulse of electronic commerce, with the aim of protecting and guaranteeing a higher level of security for European consumers in this digital environment. The new regulation defines how companies and public entities collect and process their customers’ personal data.