Risk Management Show 93% of Companies Risk Data Breaches—Here’s Why
Apr 2, 2025
Shubh Sinha, co-founder and CEO of Integral, specializes in consumer data management for large enterprises. He discusses the shocking statistic that 93% of companies are at risk of data breaches, often due to misconceptions about compliance and privacy. Shubh elaborates on innovative frameworks like expert determination under HIPAA, which help balance usability and security. He also addresses the crucial need for organizations to integrate data management and compliance efforts to effectively combat evolving threats.
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Consumer Data's Real-Life Impact
- Consumer data management greatly impacts real-life outcomes beyond just privacy concerns.
- Personalized, compliant use of data can enhance experiences like timely, relevant advertising and patient care.
Expert Determination Empowers Data Use
- Expert determination under HIPAA offers flexible risk-based data use compared to rigid safe harbor rules.
- This framework enables more valuable and tailored data applications while maintaining compliance.
Most Companies Unknowingly Risk Data
- Many companies believe they comply with data protection policies but still expose sensitive data unknowingly.
- Rapid innovation by attackers outpaces security measures, causing frequent unreported or unseen risks.