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The 10 Biggest Cybersecurity News Stories Of 2019

The cybersecurity industry has in 2019 seen lots of outside money to address challenges around data and identity, with vendors tapping into the deep pockets of venture capital and IPOs, while many MSPs have found themselves under siege.

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10. New Privacy Regulations Drive Spending

The first privacy domino fell in May 2018 when citizens and residents of the European Union obtained greater control over how their personal data is being used as part of the new General Data Protection Regulation (GDPR) rules. The new requirements are the toughest in the world, with violators subject to fines of up to 4 percent of global revenue or 20 million euros—whichever is higher—for noncompliance.

Then in January 2019, French regulators smacked Google with a $57 million fine, alleging the search giant lacked transparency and clarity around how personal information was being collected, and failed to properly obtain user consent for personalized ads. Then in May, Ireland's Data Protection Commission unveiled plans to examine whether Google's Ad Exchange marketplace handled user data in violation of GDPR.

And closer to home, the California Consumer Privacy Act (CCPA) will take effect on Jan. 1, 2020, and will provide California residents with the right to know whether their personal data is being collected and sold, and request the deletion (or reject the sale) of any personal information collected on them. The CCPA applies to all businesses with annual gross revenue in excess of $25 million.

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