20 June 2017
On 25th May 2018, the new EU regulation General Data Protection Regulation (GDPR) becomes effective. Non-compliance to GDPR will have adverse financial consequences on all organizations dealing directly or indirectly with Europe in the form of penalties and fines.
Being compliant with GDPR is a great opportunity to gain competitive advantage. Improving your organization's security posture will enable you to use your information more effectively to become a better organization.
GDPR regulators will fine organizations € 20m or 4% of a company's worldwide annual turnover for failure to report a data loss incident. In the event of a data loss incident, organizations will be obliged to report the incident to the authorities within 72 hours.
To become compliant with GDPR, organizations should secure their people, processes and technologies. By being GDPR compliant, organizations will improve their overall security posture and become more competitive.
Our proposed five-pronged approach should be followed to become GDPR compliant:
- Awareness: Know where your data resides.
- Protection: Protect your data to ensure it is not lost.
- Detection: Detect when a data incident is happening.
- Notification: Notify authorities of any data incident.
- Resilience: Ensure that your organization is Resilient in case of an incident.
For more information on the topic and our Cyber Security Solutions & Services, please contact us by mail email@example.com.