Australian Businesses Lag Global Peers in Protecting Data Stored Overseas: Survey
Some Australian corporations are responding by putting out tenders to move their data back onshore.
TL;DR
- Australian businesses are falling behind global peers in securing data stored overseas.
- The concept of "data sovereignty" subjects digital data to the laws of the country where it's collected, processed, and stored.
- Data sovereignty creates geopolitical risks, including potential government seizure or blocking of access to data held abroad.
- 90 percent of global corporate leaders surveyed by Everpure agree that data sovereignty is a business concern.
- Some Australian companies are tendering to move their data back to Australia.