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Predictions for 2022
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2022 Predictions

Prediction #1

comma

With more startups and SMEs in rapid growth and scale-up mode, coupled with the need to meet market and regulatory obligations around data governance and privacy, the cybersecurity industry will see the rise of virtual security and data protection officers as retainer engagements. The latter will become a trusted advisor for designing and implementing continuous digital risk assessments of ever-changing business models. by Shivanath Somanathan

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2021 Predictions

Prediction #1

comma

"Year 2020 has seen a considerable increase in data breaches and further upsurge is expected with the rise of unemployment across the globe due to the pandemic. In this context, the Indian Personal Data Protection Act which is to be enacted by 2021, will increase personal data consciousness among the masses, compel the corporates to take adequate measures to safeguard user data and increase cybersecurity to avoid hefty penalties. The silver lining in this is that the PDPA might act as a stimulus in reducing overall cyber security incidents in India." by

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Prediction #2

comma

With increasing penalties on data theft, and stricter PDPA / laws, executives and Board of Directors will pay more attention to data security. They might approve investment on DLP. But while the need for DLP may increase, I see a problem – DLP is just the technology part of the solution. To prevent data leakages requires a company to understand what data is it trying to protect. The solution is more of policies and processes than technology. If a company does not even have data classification and the right policies, does not understand what are they trying to protect, then buying a DLP solution is not going to help at all. Many companies today does not even know what are the critical data assets they collect, store, process and manage, and have no idea where these data resides. You can’t solve this gap by buying a software. by Wai Kit Cheah

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Prediction #3

comma

"Year 2020 has seen a considerable increase in data breaches and further upsurge is expected with the rise of unemployment across the globe due to the pandemic. In this context, the Indian Personal Data Protection Act which is to be enacted by 2021, will increase personal data consciousness among the masses, compel the corporates to take adequate measures to safeguard user data and increase cybersecurity to avoid hefty penalties. The silver lining in this is that the PDPA might act as a stimulus in reducing overall cyber security incidents in India." by Adv Rajas Pingle

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