If 2015 was the year that business leaders began to take data security seriously, 2016 might be remembered as the year that they were forced to confront data privacy. Governments and regulators around the world are putting a stronger focus on protecting the privacy rights of individuals, raising the threat of massive penalties for companies that fail to comply. With violations of data privacy incurring sanctions of up to 4% of global annual sales revenue, business leaders are taking heed.

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