In the information age, no businesses can function without data. Data drives every important decision, and even entire business models are created around data.
From evaluating marketing strategies, predicting sales, performance management, identifying potential revenue sources to designing new products, data enables smarter decisions.
The importance of data has led to the slogan “data is the new oil” to highlight the unlimited opportunities and possibilities hidden in the world of data as well as its central role in modern business.
However, the risks of misuse of this data are extremely high.
For instance in April 2020, more than 500,000 Zoom accounts were breached and sold on the dark web and hacker forums. This data was used to impersonate a person, eavesdrop on meetings and send malware files or documents to create a chain of data breaches.
The average cost of a data breach for a company in 2020 was $3.86 million.
The US found 3,800 data breaches in 2019 alone, which was a 50% or greater increase over the last four years.
As per TechJury, 30,000 websites were hacked globally everyday in 2020.
Over 22 billion records were exposed worldwide amid 730 publicly disclosed data breaches in 2020.
These breaches affected organisations such as Microsoft and social media giants such as Twitter, Dubsmash and Zynga.
Not only large tech companies, but startups are equally affected. Some examples of startups that have faced data breaches since 2020 are:
Digital Ocean, a cloud infrastructure company, faced a data breach in 2021 which affected 1% of the customers’ billing data
US-based risk startup LogicGate suffered a data breach but did not disclose details in public – it only intimated customers directly and regulatory authorities under applicable laws
Australian security house Click Studios suffered a data breach involving leak of passwords through its password manager PasswordState
Mercato, a grocery delivery startup in the US, whose customer data from 2015-2019 was breached in 2021
Ubiquiti, a networking gear seller, faced a serious data breach targeting its cloud-based data on its Amazon Web Services accounts
Shopify suffered a data breach targeting less than 200 merchants’ data in September 2020
Juspay, a payment processing company, data breach leading to leak of over 100 million digital payments transactions
Unacademy, one of the most talked-about revolutionary startups in the tech industry faced a breach causing a data leak of more than 20 million records.
Whitehat Jr – ed tech startup suffered a data breach of over 250,000 records
Dunzo – 3.4 million users’ data exposed
BigBasket – 20 million users’ data
Cybercrime is expected to cost the world $10.5 trillion annually by 2025.
To minimise the risk and damage from misuse of this data, governments across the world have created laws, regulations and frameworks to protect data of consumers, employees, organizations and users, and to ensure privacy of individuals globally.
However these legislations and regulations are relatively new.
General Data Protection Regulation (GDPR), one of the widely popular privacy regulations, came into force in 2018.
California Consumer Privacy Act (CCPA) second most popular privacy regulation came shortly after GDPR.
India’s Personal Data Protection Bill is still tabled in the parliament.
Although these regulations have jurisdictional restrictions, the data that is collected online doesn’t have any such limitations.
That means if an Indian website is collecting, recording, storing, analysing the personal data of EU residents, the GDPR is applicable to the owners of that website.
Same is applicable for the data collected from residents of Canada, South Africa and the United Kingdom.
The penalty of not complying with such regulation runs in millions of euros. Non-compliance of privacy regulations may also lead to complete ban from conducting business in that jurisdiction.
Multinational companies are scratching their head trying to align their processes to comply with different regulations.
They are rapidly hiring lawyers who can ensure that the privacy policies of their companies are compliant with regulations of multiple jurisdictions and yet doesn’t impose limitations in conducting business in multiple countries.
In addition to that, the global pandemic has led to a technology boom like never before.
This has created a massive demand for data protection lawyers worldwide as from business to governance, everything is forced to go online.
Do you want to find out how you can cash in on this trend by serving clients in advanced economies like the U.K, US and Europe?
Do you want to find out how you can become a privacy counsel, data protection officer or chief privacy officer?
Do you want to be part of the fastest-growing international startups and big tech companies like Apple, Microsoft, Amazon, Alphabet or Tencent as a lawyer?
Do you want to help startups in Silicon Valley solve important tech-related challenges to grow internationally?
We are bringing a FREE LIVE 3 – Day online bootcamp on International career opportunities for lawyers in Data Protection, Privacy Management and Technology Law from 29- 31 May 2021 from 6-9 pm.
https://lawsikho.com/dataprotectionbootcamp
During this bootcamp you will learn about different types of job roles in the data protection and privacy management field and how to explore untapped opportunities. We will also teach you how to build a track record for an international career and fetch clients from big tech startups to escalate your practice worldwide.
The bootcamp is conducted by Ramanuj Mukherjee, CEO and Co-founder of LawSikho and Abhyuday Agarwal, COO, Co-founder of LawSikho. They are bringing more than 10 years of experience in training and coaching lawyers and law students to teach you how to build an international career in the field of Data Protection, Privacy Management and Technology Law.
Moreover it is FREE and you can attend it from any part of the world.
All you need is willingness to learn and a fast internet connection.
Who should attend this bootcamp?
- Lawyers who want to build a career in technology laws – job opportunities in data protection and privacy are likely to exponentially increase in the coming years.
- Lawyers who want to transition into ‘business roles’ and leadership roles.
- Litigators who want to move to in-house counsel positions – data protection and privacy work is extremely crucial for securing positions fast-growing tech companies.
- In-house counsels who want to develop a specialised skill set to secure promotions or opt for more high-paying positions in BigTech companies, international startups and companies operating in Artificial Intelligence, Internet of Things, e-commerce, fintech, agritech, insurtech and other sub-sectors.
What will you learn?
- How can you take advantage of the newly minted privacy laws around the world and give your career as a technology lawyer a great boost?
- What skills will you need to help fast growing Silicon Valley startups with data protection and privacy management in various markets around the world?
- How to get internships and jobs in privacy management and compliance teams?
- What kind of remote work you can do if you are a data protection and privacy management expert?
- Why knowledge of privacy management and data protection will be critical for your success as a technology lawyer?
- What if you want to shift from purely legal roles to business roles and leadership? How can you make that happen?
https://lawsikho.com/dataprotectionbootcamp
If you want to receive more such updates regarding technology law directly to your mobile phone you can join our WhatsApp and Telegram groups listed below:
Telegram: https://t.me/joinchat/UARS7wxD6w3H3jkK
WhatsApp: https://chat.whatsapp.com/LHSJaRlRwdCJf73sjMxYMl
Students of Lawsikho courses regularly produce writing assignments and work on practical exercises as a part of their coursework and develop themselves in real-life practical skills.
LawSikho has created a telegram group for exchanging legal knowledge, referrals, and various opportunities. You can click on this link and join:
https://t.me/lawyerscommunity2
Follow us on Instagram and subscribe to our YouTube channel for more amazing legal content.