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Industry Landscape
The cybersecurity and data governance industry is experiencing rapid growth driven by escalating data breaches, complex regulatory landscapes (GDPR, CCPA), and the proliferation of data across hybrid environments, including AI. Organizations are increasingly seeking AI-powered solutions for comprehensive visibility and automated risk mitigation amidst growing data sprawl and sophisticated cyber threats.
Total Assets Under Management (AUM)
Cybersecurity Market Size in United States
~Approximately 200 billion USD
(13.8% CAGR)
- Driven by increasing cyber threats and regulatory demands.
- Cloud security and AI/ML-driven solutions are key growth areas.
- Focus on data privacy and compliance fuels market expansion.
Total Addressable Market
200 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Data Security
Leveraging generative AI for advanced threat detection, automated anomaly identification, and synthetic data generation for privacy-preserving testing and development within cybersecurity.
Homomorphic Encryption
A cryptographic method that allows computation on encrypted data without decrypting it, offering enhanced privacy and security for cloud and AI-driven data processing.
Confidential Computing
Protecting data in use by performing computation in hardware-isolated trusted execution environments (TEEs), safeguarding sensitive information from the operating system, hypervisor, and other privileged access.
Impactful Policy Frameworks
California Privacy Rights Act (CPRA) - 2023
The CPRA, effective January 1, 2023, strengthens the California Consumer Privacy Act (CCPA) by expanding consumer rights (e.g., right to correction, opt-out of sharing sensitive personal information) and establishing the California Privacy Protection Agency (CPPA) for enforcement.
This policy directly impacts 1touch.io's clients by increasing the complexity of data privacy compliance, necessitating more precise data discovery, classification, and DSAR fulfillment capabilities.
AI Risk Management Framework (AI RMF 1.0) - NIST 2023
Published by the National Institute of Standards and Technology (NIST) in January 2023, the AI RMF provides voluntary guidance for organizations to manage risks related to the design, development, deployment, and use of AI systems, focusing on trustworthy AI principles.
This framework encourages organizations to implement robust governance and security measures for AI, directly aligning with 1touch.io's emerging AI governance solutions to secure sensitive data within AI pipelines.
New York Shield Act (SHIELD Act) - 2019
Effective March 2020, New York's Stop Hacks and Improve Electronic Data Security (SHIELD) Act broadened the definition of private information, expanded the scope of data security requirements, and updated data breach notification protocols for entities handling personal information of New York residents.
The SHIELD Act increases the burden on businesses to implement reasonable data security measures and accurately identify and protect sensitive data, directly enhancing the value proposition of 1touch.io's sensitive data intelligence platform.
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