Once the Protection of Personal Information Act, 2013 (PoPI Act) is made effective, companies will have a year’s grace period to become compliant with the Act. In the meantime, agreements between corporate clients and their suppliers are already being updated to require compliance with data processing provisions contained in the PoPI Act.
According to the Gemalto Breach Level Index, released in March 2017, South Africa experienced nine reported security breaches in 2016. Across Africa, 45.2 million records were stolen in 2016, compared with 38.5 million in 2015. Africa had 17 data breaches in total, compared with six in 2015.
Digital transformation is touching every sector as well as every industry, disrupting the traditional market leaders, value chains and conventional ways of doing business along the way. While the technology (IoT, big data analytics, machine learning, artificial intelligence) and the business benefits these can unlock get a lot of attention, one aspect often overlooked in the digital transformation process is compliance and regulation.
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