[Courtesy]The fight against growing cases of cybercrime on Monday got a boost with the approval of new 40 standards directed at safeguarding consumer privacy. The standards also stipulate a framework for ensuring privacy in information and communication technology (ICT) systems that store and process personally identifiable information (PII). Key among the approved standards include guidelines for information security management systems auditing, code of practice for electronic discovery, vulnerability handling process, online privacy notices and consent, cloud service metering and billing modes. Take a surveyOthers include the competence requirements for information security testers, the framework of trust for processing of multi-sourced data. The World Economic Forum Report 2017 places technology threats in the top five societal and economic risks by likelihood and scale of impact, next to weapons of mass destruction.

Source: Standard Digital May 24, 2021 13:05 UTC