What is GDPR?
The European Commission has introduced the General Data Protection Regulation (GDPR) which will be implemented on 25th May, 2018. The regulation has mainly been implemented in order to:
- Force companies to be clearer on their data collection and usage
- Improve data protection and prevent data infringement
- Establish improved control and reactivity to prevent data leakage
These new regulations play an important role at a time when both the volume of data is skyrocketing and threats are growing at a similar rate.
If you would like more information, please see our guide below.
Which companies and countries will be affected?
GDPR not only affects companies which deal with sensitive data, such as the health and finance sectors, but all companies which deal with personal information, being the majority of companies today.
In addition, SME’s are being increasingly affected becoming the favourite target for hackers, as they are often equipped with less secure Information Systems which are easier to corrupt.
Despite the regulation, data protection will continue to be the main challenge for companies in 2017.
Although GDPR is a European regulation applying to European companies, it will also apply to other countries that deal with and manage data of European citizens.
What are the consequences and risks?
- Fines incurred: European companies will be subject to a fine which could be up to 4% of the company’s overall business, or up to 20 million euros.
- Organisations which have been affected will be required to notify customers within 72 hours in the case of non-compliance.
Adhering to the new regulation is important for both the transparency of client data usage, which includes the implementation of a data loss protection (DLP) scheme, as well as the documentation of data processes.
How do I secure my data and become compliant?
It seems that the European Commission is committed to enforcing the new regulations, visible from the sanctions they are imposing and by encouraging the RSI to start the transformation as soon as possible.
- How will my company affected?
- Is my company ready?
- How developed is my Information System with regards to data leakage?
- What can I do to become compliant?
To help you answer the above questions, we at SSL247® have combined our expertise with that at Thales e-security in order to offer you a tailor-made service.
If you would like to know more on how to navigate these challenges throughout 2017, download our free guide below.
We at SSL247® can offer you an audit of your business and suggest enhanced security solutions which will be compliant with the new regulation