Data Minimization: How It Can Save Your Enterprise if Breached

Introduction:
“We must pass laws that require data minimization, ensuring companies do not keep sensitive data that they no longer need,” U.S. Senator Mark Warner and Vice Chairman of Senate Intelligence committee stated recently after a data breach at Marriott’s Starwood subsidiary. Marriott initially indicated that 500 million customers’ data was exposed. After three weeks, the number was reduced to 383 million. What is clear is that companies do not have insight into how much data they have. This is an industry-wide problem. Companies are collecting and storing every piece of data with little thought to the . . .