With more than 5 million records stolen worldwide every day, according to the data breach statistics of BreachLevelIndex.com, and three times more incidents than four years ago, breach protection and incident response have become topics of prime importance.
The ability to prevent incidents from happening in the first place, and to effectively respond to incidents if they should happen, is critical to every organisation.
If you’re in business, your security is under attack. Successful attacks result in huge monetary losses, lost intellectual property, compromised customer information and confidence, and lower corporate valuations.
The approaching European Union General Data Protection Regulation (GDPR) deadline adds urgency. On 25th May, 2018, the new data and privacy protection regulation will come into force. It will apply to all organisations that do business in the EU, even if the business entity is located in a Non-EU country.
GDPR compliance requires “appropriate security” and “due diligence” to protect personal information from data breaches. GDPR urges companies to have a strong data protection programme to address in stringent timeframe attacks, incidents, and leakage of personal information. Organisations will have 72 hours to report breaches.
"Any breach of security or loss of integrity that has a significant impact on a trust service provided or on the personal data maintained therein is critical to GDPR so businesses need to ensure that they have the systems, procedures and policies in place to be able to detect, contain and report when a breach occurs"