The Importance Of Having A Data-Protection Compliance Program

In 2013, Virginia Ginni Rometty – CEO of IBM, said "I would like you to think of big data as the next natural resource that can be to our era what steam, electricity and oil were for the Industrial Age."

Probably, you have read or heard: Data is the new oil! Data is the new bacon! Data is the new currency! These analogies have become very popular because data is now considered one of the most important commodities.

This is the result of the emergence of many successful Social Networks that, although they are not payment platforms, have turned the data into a source of value.

The need for a data-protection compliance program in business is becoming increasingly important after several high-profile leaks of companies' data. Some of the biggest data breaches over the last two years include T-Mobile, Marriot, British Airways, Quora, Google, Orbitz and just recently, Capital One bank in the United States. A successful data breach may occur in less than one