Strong customer authentication (SCA) looms on the horizon for businesses based in Europe. The latest PSD2 Tracker shows that a majority of European citizens are aware of GDPR – and the reverse seems true here in the States. Yet online commerce is indeed about to usher in a sea change in how companies deal with security and privacy, as similar laws may span the globe in the coming months.
Data:
67 percent: Share of citizens aware of GDPR
84 percent: Share of U.S. corporate employees who have never heard of GDPR
60 percent: Share of the world’s population that will be covered by GDPR or similar rules by next year
$57 billion: Amount European firms could lose due to SCA
38 percent: Share of security professionals who believe GDPR has hurt cybersecurity projects at their organizations