This chapter explores the numerous challenges impacting data management in the fourth industrial revolution. It highlights the importance of data management in the era of technological and industrial development in the 21st century business world. It draws attention to the value of countries enacting policies and reforms to curtail the rate of cyber-crimes and hacking into sensitive information of organisations whose operations occur significantly in the cyber realms. Much focus is given to the literature on legal policies enacted in many Western nations to prevent and minimize the consequences of data breaches. It draws attention to the benefits of effective data management in organisations and the key reasons considerable focus should be given to it from national governments across the globe.