A new survey shows that 78 percent of U.S. respondents say a company’s ability to keep their data private is “extremely important” and only 20 percent “completely trust” organizations they interact with to maintain the privacy of their data.
The poll underscores the public’s view of the obligation that organizations have to handle data responsibly and protect it from hackers.
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Rabobank, the Dutch multi-national bank and financial services company, is working with IBM (NYSE: IBM) to use cryptographic pseudonyms on its client’s personal data to innovate and comply with new financial regulations in the EU.
Starting on 25 May, the General Data Protection Regulation (GDPR) seeks to create a harmonized data protection law framework across the EU and it aims to give citizens and residents back control of their personal data, whilst imposing strict rules on those hosting, moving and processing this data, anywhere in the world.