For years, governments have focused only on the stick of compliance when they could leverage the carrot of tax incentives. Theoretically, compliance fines and penalties should act as a deterrent that improves accountability and reduces data breaches. However, many vendors often assume compliance risk rather than securing data effectively. For example, Meta has been the most penalized company, accounting for €2.5 billion in fines across parent and subsidiaries. These large, ubiquitous, irreplaceable technology companies are … More →
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