Businesses, especially those in highly regulated sectors such as financial services, health care and government — and those that operate in multiple countries — are faced with a growing number of data privacy regulations. These rules governing how data should be stored, used, and shared can be overwhelming for resource-strapped cybersecurity and risk management departments, which is why organizations need to take steps to better manage their compliance operations. Since 2018, the year the European Union’s General Data Protection Regulation (GDPR) when into effect, there has been a constant increase in these types of regulations, said Enza Iannopollo, principal analyst at Forrester Research.

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