Site icon GIXtools

Privacy predictions for 2024

In our previous privacy predictions piece, we outlined trends for 2023. As expected, there was a notable increase in the adoption of digital IDs to replace paper documents. For example, California expanded a pilot program for digital driver’s licenses, and Russia introduced laws enabling biometrics-based purchases of alcohol and tobacco. This trend is set to continue, with the European Commission finalizing the EU Digital Identity Wallet agreement. Australia has also unveiled a national strategy for digital identity resilience, aiming for mainstream use in 2024.

We expected organizations to try to reduce the impact of the human factor on data security, so as to bring down the number of insider threats and social engineering attacks. The issue intensified with the widespread use of chatbots for work, leading employees to inadvertently share sensitive data. Notably, major companies like Amazon, Apple, and Spotify are taking measures to prevent data leaks by limiting engagement with such tools.

Whereas we expected the Metaverse to be the focus of the privacy debate, AI stole the spotlight. Despite this, the European Commission has introduced a new strategy on Virtual Worlds, recognizing their transformative potential for EU citizens. Although no immediate regulations are on the table, issues related to metaverses are emerging, such as the British police investigating virtual rape. Interestingly, metaverses are gaining traction in social and political spheres, illustrated by a Columbian court conducting its first trial in the metaverse.

We have not seen any spikes in demand for privacy insurance by individuals in 2023. However, the insurers often include data breach risks into personal cyberinsurance policies. According to Statista, this market is expected to grow significantly by 2025. Given that privacy concerns are rising, we suggest that although our prediction was not fulfilled in 2023, this is a long-term trend that we will observe for years to come.

The same can be said about our prediction on the diversification of the web tracker market. In 2023, we did not see any significant changes in tracker distribution. However, the internet continues to split, with certain resources being banned in certain countries, so the tracker landscape will most likely change in the near future.

As we can see, some of our predictions are likely to come true in the long term. The year 2023 marked the emergence of several important trends, which will influence the privacy field in 2024. Below, we look at some of the important developments that, in our opinion, will affect online privacy in the upcoming year.

Source:: Securelist

Exit mobile version