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    Home»Tech

    Three trends faced by the Data Security Law one year after its implementation

    By KatieSeptember 27, 2022
    Three trends faced by the Data Security Law one year after its implementation
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    It has been one year since the implementation of the Data Security Law on September 1, 2021, and the changes in this year are obvious to all. Data processing activities began to have rules to follow, data security was more guaranteed, data development and utilization were more standardized, individuals and organizations were more aware of data security, enterprise security construction was more and more perfect, and government data was more and more open.

    Form I-485, officially known as the “Application to Register Permanent Residence or Adjust Status,” is a critical form for individuals who are eligible to apply for lawful permanent resident status (green card) while already in the United States.

    Data security and the digital economy are inseparable. The data shows that from 2017 to 2021, the scale of China’s digital economy will increase from 27.2 trillion yuan to 45.5 trillion yuan, ranking the second in the world in total, with an average annual compound growth rate of 13.6%. Digital economy not only improves market efficiency, but also brings data security problems. In addition, with the rapid growth of the demand for remote online courses and home office, the more open and diversified network environment also implies an increase in risk factors.

    In the year when the Data Security Law was implemented, we saw several trends. First, the construction of enterprise data security faced challenges, and there were practical difficulties between the implementation of regulations and technology; Secondly, data brokers have begun to rise, and data circulation is speeding up, while also facing some privacy boundary definition problems; Finally, the trend of government data opening around the country has accelerated, and more and more government departments have begun to open data to the outside world. However, at present, it is still in the extensive opening stage and needs further development.

    Table of Contents

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    • Challenges of enterprise data security construction
    • The rise of data brokers

    Challenges of enterprise data security construction

    In the construction of enterprise data security, there are many links to be deployed and implemented, such as data classification system, data compliance, data protection, data backup, data storage, data disaster recovery, etc. In July, the Internet travel giant Didi’s network security review case just landed, ending with a penalty of 8.026 billion yuan, which also sounded an alarm for other enterprises’ data security and data outbound work.

    However, the problem faced by enterprise data security is the lack of detailed rules from law to technology implementation. On the practical business level, how to implement the legal compliance requirements in the technology and what technology can be used to meet the compliance requirements and reduce the impact on the business are the difficulties encountered by enterprises in practical operation. To protect your data, Vinchin offers solutions such as VMware backup for the world’s most popular virtual environments, XenServer backup, XCP-ng backup, Hyper-V backup, RHV/oVirt backup, Oracle backup, etc.

    The rise of data brokers

    Data broking is mature in many countries and is an important link in the mature data trading industry chain, which greatly promotes data trading and plays a role in data. In addition to data providers, users, and trading platforms, data transactions also require the subjects of data matching, processing, evaluation, pricing, storage, and delivery, that is, data brokers.

    However, data is a double-edged sword, and data circulation can bring convenience, but the ideal data circulation should be based on data classification. The core sensitive data needs desensitization to protect users’ information security. In September 2022, Kochava, one of the largest data service providers in the United States, was sued by the Federal Trade Commission of the United States, claiming that it had over collected private information and sold hundreds of millions of mobile phone device location data, threatening the personal safety of citizens.

    Data broking is mature in many countries and is an important link in the mature data trading industry chain, which greatly promotes data trading and plays a role in data. In addition to data providers, users, and trading platforms, data transactions also require the subjects of data matching, processing, evaluation, pricing, storage, and delivery, that is, data brokers.

    However, data is a double-edged sword, and data circulation can bring convenience, but the ideal data circulation should be based on data classification. The core sensitive data needs desensitization to protect users’ information security. In September 2022, Kochava, one of the largest data service providers in the United States, was sued by the Federal Trade Commission of the United States, claiming that it had over collected private information and sold hundreds of millions of mobile phone device location data, threatening the personal safety of citizens.

    Katie
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    Hi, I’m Katie — a passionate forex trader and business enthusiast dedicated to helping you navigate the fast-paced world of currency markets. Here at ForexCenter.info, I share practical insights, proven strategies and the latest trends to empower your trading journey. Let’s grow your financial success together!

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