We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cisco Systems Inc | NASDAQ:CSCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.35 | 0.75% | 47.14 | 46.27 | 47.20 | 47.40 | 46.84 | 47.10 | 17,935,304 | 05:00:04 |
Privacy maturity is a framework defined by the American Institute of Certified Public Accountants (AICPA) and is based on Generally Accepted Privacy Principles (GAPP).
The study surveyed nearly 3000 global security professionals in 25 countries regarding their privacy maturity and any effects of data privacy on their business. A surprising two-thirds of respondents indicated that data privacy was causing delays in their sales cycles, with an average estimated delay of 7.8 weeks.
The pending May 2018 enforcement of the General Data Protection Regulation (GDPR), the new law enacted to increase protections of European Union (EU) citizens’ privacy and personal data, might also be a factor in these delays. Customers are increasingly concerned that products and services they buy provide appropriate privacy protections. GDPR’s provisions apply to any company that processes, stores, or uses this data.
Respondents were asked to assess their current privacy maturity level, according to the standard AICPA model, which defines five privacy maturity levels: ad hoc, repeatable, defined, managed, and optimized. The study found that:
Given these widespread and significant delays, every company should assess its own situation to evaluate where customer privacy concerns might postpone business. Aside from legal compliance, depending on the potential revenue effects and their current privacy maturity level, companies should explore the return on investment of privacy process improvements and the beneficial effects that deploying such measures could have on sales.
Cisco 2018 Data Privacy Maturity Benchmark Study highlights
Data privacy concerns drive sales delays
Privacy-mature organizations experience shorter sales delays
Privacy-mature companies experience fewer breaches and smaller losses from cyberattacks
Given the potential effects of these delays on sales and revenues, Cisco advises organizations to take the following steps:
Read the Cisco 2018 Privacy Maturity Benchmark Study.
Supporting quotes
"This research demonstrates that good privacy is good for business, and organizations need to invest in data privacy governance and process to reap the benefits.”
“Privacy professionals and sales executives all know that privacy/data protection concerns can slow the sales cycle. Having good data to support that knowledge will help drive the actions needed for improvement.”
“This study provides valuable empirical evidence of the linkage between firm privacy policies and performance-relevant impacts. These results are indicative of the direction that future empirical research on privacy, and cybersecurity more generally, should take to better validate and focus our understanding of best practices in these important areas.”
Supporting resourcesCisco 2018 Privacy Maturity Benchmark StudyCisco Data PrivacyInfographic: Good Privacy is Good for BusinessBlog: Are Customer Data Privacy Concerns Slowing Down Business?Podcast: Good Privacy is Good for BusinessFollow us @CiscoTrust About Cisco
Cisco (NASDAQ:CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds
Press Relations | Analyst Relations | Investor Relations |
Ella Nevill | Jenna Duston | Marty Palka |
617-951-6622 | 408-424 7210 | 408-526 6635 |
elnevill@cisco.com | jeabeyta@cisco.com | mpalka@cisco.com |
1 Year Cisco Systems Chart |
1 Month Cisco Systems Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions