GDPR is here, stronger than ever!!
Many companies are starting to realize how important it is to have a form of cybersecurity in place. Last week on the news, we were able to see how damaging a cyber attack can be to organizations. British Airways and Marriot both received an enormous fine due to a data breach, where thousands of customers private information were stolen.
The Information 'Commissioner's Office (ICO) now has the power to punish (heavily) any company that does not follow the General Data Protection Regulation(GDPR) steps. GDPR gives data regulators(ICO) the ability to fine up to €20m (£18m), or 4% of annual global turnover, whichever is greater.
To have an idea of how things escalated, in 2018, Facebook after the Cambridge Analytica Scandal was fined £500k for leaking information of 87 million people worldwide. Due to the past Data Protection Act from1998, they had a maximum penalty of "only" £500,000. Imagine if this happened now? Much money involved. Therefore companies need something in place to protect their most valuable asset: their DATA.
Being a GDPR advisor, Technorizon has been receiving a large number of calls from companies asking us what they must do to be compliant with the regulations. Funny enough, GDPR states that every company should protect their DATA, but not necessarily how to do it. Just delegating that to your legal department and expecting that your ordinary anti-virus and firewall will do the job, it is not enough.
Cyber attacks are coming more and more sophisticated, malware such as zero-day will pass easily through these security systems. So how do you make your business a more protected environment for your employees and customers?
First thing you should ask yourself is, where is your Data? On the cloud? on-premises? Different places require different solutions and implementations. However, let's start with the basics: encryption and backup. Encryption will ensure that the "hacker" won't be able to read your Data if he gets access to it. A backup will provide you with an extra copy of your data so you can continue trading even if with stolen data. After that is all about layers, more security layers you have, safer you are.
If you need any help figuring out how to better protect your business, we can help!Technorizon is a valued IT system integrator specialized in JUST Cyber Security. We have been protecting our clients globally for over 25 years. Get in touch for a FREE consultation.