Too much information is never a good thing, especially when it’s yours and is in somebody else’s control. Technology consultant Gartner warns that by 2019, over 90 percent of organisations will have personal information on systems that they do not own or control. What this means: Data will be vulnerable to security threats such as hacking. To compound the problem, organisations will continue to be accountable, exposing them to significant privacy risks.
Is there a fix? Carsten Casper, research vice-president at Gartner, believes it is time to create an exit strategy for the management of personal data. “Strategic planning leaders will want to move away from storing and processing personal data in the next five years,” he says.
Take the example of credit card issuers. Strict control requirements have prevented many companies from keeping credit card data on their own systems, instead entrusting it to a specialist. That may be the way out, says Gartner.
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(This story appears in the 12 July, 2013 issue of Forbes India. To visit our Archives, click here.)
\"Data will be vulnerable to security threats such as hacking.\" What did you mean? is it hacking? c\'mon. Media please grow up. By the way hacking is not a nasty thing. Its a programming sub-culture and should not be attached to any computational related crime. Instead use the word \"cracking\". I\'m fed-up of the use of word \"hacking\" which falsely integrated with a crime of threat like system intrusions etc. Sunil Thakare, Web Developer, Open Source Evangelist and Software Freedom Activist http://sunil.thakares.comon Jul 1, 2013