A recent PWC report found that 55% of executives plan to increase their cybersecurity budgets in the next year. Security teams need to manage these vulnerabilities to protect the data from a cyber-attack and ensure compliance with the latest data privacy regulations. The first step in any plan around compliance is to have a basic understanding of whose data you have, where it is, and who has access to it. The next step is to map out the data and identify how the data is processed and how it is stored in the cloud.
Source: https://www.helpnetsecurity.com/2021/03/31/data-privacy-regulation-compliance/