<

With GDPR, a New Global Data Security Regulatory Cycle Begins

Published on
363 Points
363 Views
Last Modified:
Will you be ready when the clock on GDPR compliance runs out? Is GDPR even something you need to worry about? Find out more about the upcoming regulation changes and download our comprehensive GDPR checklist today !

It’s no surprise that as the stakes associated with a potential breach rise, legislators respond by proposing new privacy and data security laws. However, in replacing an incredibly outdated data security regulation (EU Directive 95/46/EC), the EU has now adopted the General Data Protection Regulation (GDPR) which sets a new benchmark in data security requirements with far reaching impacts and high penalties. So, it’s time for us all to get familiar with the GDPR because it applies to any organization that collects “personal data” from any natural EU citizen, regardless of where a business is located.


Yes, despite being created in the EU, GDPR means that even a five-person company based in Belize with an online storefront that sells to Europeans will be required to comply (or make sure their payment processor complies). Also, “personal data” in the GDPR has a much broader definition than what we’ve settled on as PII, or Personally Identifiable Information, in other regulations. An IP address, for example, is considered personal in the GDPR, even though DHCP and dynamic addresses are used.


To ensure rapid adoption of GDPR, huge potential fines for non-compliance are included and enforcement agencies have been established. The Regulation allows for fines up to 4% of worldwide revenue, or €20 million, whichever is higher.


While the potential fines are high enough to push companies to adhere to GDPR, some are struggling to make the sweeping changes needed before the Regulation takes effect on May 25, 2018.  That’s because the scope of the GDPR is large, and the collection of policy, process and technology changes are difficult and time-consuming to implement.  For example, it mandates:

  • Breach notifications within 72 hours (unless breached data was encrypted)
  • New more-explicit notification practices
  • The ability to display a report of all personal data stored per subject, and then delete at their request
  • That personal data remain in the EU, unless transfer out of the region is authorized
  • A Data Protection Officer to be appointed and Data Protection Impact Assessment completed, where required
  • Data security technology is implemented to ensure situational awareness of risks, and enable preventative, corrective and mitigating action in near real time, as well as provide tools for assessing the effectiveness of security policies


In short, if you are not already working towards compliance, then you are behind the curve and need to quickly ramp up.  WatchGuard provides key information in a GDPR Resource Kit to help you get started.  Visit www.watchguard.com/GDPR to download it today!

0
Comment

By clicking you agree to the Terms of Use and Privacy Policy.
0 Comments

Featured Post

Worried about phishing attacks?

90% of attacks start with a phish. It’s critical that IT admins and MSSPs have the right security in place to protect their end users from these phishing attacks. Check out our latest feature brief for tips and tricks to keep your employees off a hackers line!

Join & Write a Comment

Email security requires an ever evolving service that stays up to date with counter-evolving threats. The Email Laundry perform Research and Development to ensure their email security service evolves faster than cyber criminals. We apply our Threat…
If you're a developer or IT admin, you’re probably tasked with managing multiple websites, servers, applications, and levels of security on a daily basis. While this can be extremely time consuming, it can also be frustrating when systems aren't wor…

Keep in touch with Experts Exchange

Tech news and trends delivered to your inbox every month