Data Safeguard Inc unveils it’s 2024 growth plan

Data Safeguard Inc. is a Data Privacy compliance and Synthetic Fraud prevention company, the company helps enterprise  organizations comply with data privacy regulations and free them from fines. Data Safeguard’s Mask and Redact PII, PHI, sensitive and non-sensitive data elements in all formats and environments.

Data privacy restrictions have become increasingly important. Consumers are growing increasingly worried about the disclosure and use of personal data, and trust is an important factor. According to a Salesforce poll, 48% of customers claimed they had lost trust in businesses owing to abuse of personal information during the epidemic. As the world grows increasingly technology driven and individuals worry more about their personal privacy, data privacy legislation are rapidly forming all over the world to protect the consumer.

As companies in India are bracing to adopt Digital Personal Data Protection (DPDP) act as passed by Government of India in august 2023, for which the rules are placed by the government, there is a growing need for the products such as ID-REDACT®, ID-MASK®, ID-FRAUD and ID-AML.

In the dynamic hub of Santa Clara, the 2024 Growth Planning and Leadership Connect orchestrated by Data Safeguard Inc. emerged as a pivotal convergence point for strategic minds aligned with a forward-looking vision.

Key highlights of the annual meet :

 
# Sudhir Sahu's resolute dedication resonates as the driving force behind a singular mission propelling us toward the zenith of a billion-dollar venture by 2028 using Single Mission – Single Focus approach. 

# Bill Klaus, the stalwart guardian of consumer trust, directed his focus towards solutions that can empower individuals manage their PII data elements more efficiently. 

# The trailblazing force, Lee Nocon, leading the way to release new products into the market - ID-MASK®, ID-FRAUD, ID-AML and many more. 

# Simultaneously, Dr. Damodar Sahu, PhD navigates the trajectory of a flourishing "DSG" Partner Ecosystem, envisaging a collaborative journey. 

# Elliott Lowen, the visionary CPO, highlighted global impact of Data Privacy and associated revenue streams to help Data Safeguard grow into a global company.

The day culminated not just in meetings but in a vibrant exchange with customers, partners, investors, and well-wishers—an exuberant celebration of shared goals and a future teeming with promise. ✨

Companies, aided in part by breakthroughs in artificial intelligence analytics, are discovering new ways to use the data they collect: to run more effectively, manage risks, improve customer services, build and support new business models, and so on. Data security is more important than ever. According to a recent IBM report, the average cost of a data breach across ASEAN countries is currently USD 2.87 million.

The researchers considered not only technical expenditures, but also legal and regulatory costs, as well as brand equity loss, customer churn, and a drain on employee productivity. Above all, the irreversible harm to the organization's reputation, eroding stakeholder confidence, and jeopardising data privacy must be considered.

More and more businesses are realising that incorporating privacy into their products and services from the start is not only the moral thing to do, but it can also be extremely profitable. For instance, Singapore has promoted the use of a privacy-by-design approach to ensure the proper use and protection of personal information. 

Data Safeguard is the guardian of Data Privacy through its innovative products including ID-REDACT® and ID-MASK®.