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Michael Everall, Head of Security 10X Banking

Your Personal Data Is A Commodity

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“Your Personal Data is a Commodity” Michael Everall Head of Security Operations and Data Protection Officer, talks to Karla Reffold, MD and Founder BeecherMadden about risk management and the controls that need to be in place. Businesses need full visible, transparent knowledge of how customers data is processed. Michael explains that personal data now belongs to the individual and is a commodity. The ICO has recently issued sanctions against a Canadian company and French regulators recently fined Google 50M euros for a lack of transparency, inadequate information and lack of valid consent regarding the personalisation of advertisements. EU GDPR has set the scene for a worldwide change; the state of California has put in place GDPR-style data protection regulations and the US federal government looks set to follow suit.