by Axel Kloth
For most of the electronics and software industries’ history, products were made to
solve problems consumers didn’t know they had, and fortunes were based on
convincing them of those problems’ existence. The age of digital security, however, has
created problems for those industries that the consumer is more aware of than the
industries are prepared to address. Consumer privacy laws are driving that product
development and those who get it right will see a new wave of profitability for decades.
The General Data Protection Regulation (GDPR) in the European Union (EU) was the
first step in changing the paradigm into something that must be considered in the use of
technology. With the California Consumer Privacy Act (CCPA), which was signed into
law more than a year ago and going into effect on January 1, 2020, the trend is going
While the GDPR was not perfect, it at least gave users and consumers the right to find out who is collecting information about them, and what these companies did with that information. It also allowed—under certain circumstances—the user or consumer to demand the deletion of the data a company had collected. The GDPR covers all businesses regardless of revenue or customer base, while the CCPA is limited to businesses with revenues of more than $25M annually, more than 50,000 users, or if they make more than 50% of their revenue by selling consumers’ information. What’s more, Maine and Nevada have passed similar legislation and at least 11 other states are considering privacy bills (though less comprehensive) that would go into effect in 2021. All of this legislation now forces countries who want to do business in the two largest markets to safeguard the personally identifiable information of its users, consumers and customers. This affects data in transit and data at rest. As a result, these companies will have to invest in the build-out of their secure digital infrastructure to comply. The problem is that technology is not generally available…yet.
Axiado Corporation is at the leading edge of the wave that will fill that gap. We are building a uniquely secure firewall platform to eliminate perimeter breaches of existing networks and cloud infrastructures, safeguarding the privacy of enterprises, organizations, industries, homes, states and governments from internal and external digital threats. The future is here.
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