Collecting and processing personal data has become one of the most significant drivers of financial value in today’s economy. But as the upside of personal data grows, so too does the downside risk associated with data security, management and privacy.
The European General Data Protection Regulation (GDPR), which took effect late last month, has further raised the stakes for companies and investors by imposing substantial fines for non-compliance. In this Spotlight, we look at how the FAANG+ stocks – Facebook, Apple, Amazon, Netflix, Google, Microsoft and Twitter – are broadly positioned on the issue of data privacy. Our approach includes an analysis of gross risk exposure, and the steps companies are taking to mitigate it.