Australian Businesses Lag Global Peers in Protecting Data Stored Overseas: Survey

Australian businesses are lagging behind their global counterparts in securing enterprise data stored outside the country. This issue is driven by the legal concept of “data sovereignty,” which posits that data is subject to the laws of the country where it is located. This poses geopolitical risks, such as government seizure or blocking of access to data kept abroad.

• 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.