Abstract:

Data is probably the most valuable resource of our time, similar to what represented oil a century ago. Technology giants built their competitive advantage on the huge amount of data they are dealing with to drive the biggest societal changes. Cybercrime became a threat not only for the processes of the organizations but also for individuals as unethical data use can change people’s attitudes and behavior not only towards the products and services, they are buying but also their political views and values. The purpose of this paper is to assess the dimensions of data security, ethics, and compliance in the context of new regulations.