New whitepaper shows how threat intelligence can help mitigate the impact of GDPR on your business
The new European Union General Data Protection Regulation (GDPR) is coming into force soon, and personal data breaches will be among the most seriously penalized issues a company can face. In fact, an organization in breach of GDPR can be fined up to 4 percent of its annual global turnover, or €20 million – whichever is greater – for the most serious infringements.
With the new legislation set to come into force in May 2018, our new whitepaper is intended to provide useful, timely and unique guidance to help organizations. We reveal how tried and tested targeted threat intelligence can mitigate the financial impact of a data breach, putting your GDPR obligations into context as you prepare – not just another report on what to expect.
Not if, but when
Adversaries are getting smarter and finding new and innovative ways to threaten and penetrate organizations. As a result, it is usually not ‘if’ your organization will suffer a personal data breach but ‘when.’ A high profile example from 2017 is Equifax – the consequences of a compromise can threaten the very survival of your business, no matter what its size.
In combination with the stricter regulations surrounding personal data stipulated by GDPR, the likelihood of being penalized is greater than ever. Indeed, just a single compromised record can be considered a data breach, which is punishable by a fine if the organization holding the data does not report it appropriately.
As a direct consequence of the new regulation, we expect not only the frequency of attempted personal data breaches to increase but also that cybercriminals will demand higher ransoms for data as it becomes more valuable to secure.
An innovative approach to data breach protection
All this fear is not with a solution, and many organizations have taken progressive steps to strengthen their security posture.
Indeed, when the GDPR regulatory authorities start deciding how to impose penalties, they will take a variety of factors into consideration, including the gravity of the breach, duration of exposure, number of subjects and level of damage suffered.
In addition, organizations will have just 72 hours to report a breach, and the immediacy with how it is dealt with will be under scrutiny too. With this in mind, there is potential to substantially reduce the penalties they could face by using technology that detects, prevents and remediates data breach before the attack happens.
Complementary threat intelligence services approach GDPR obligations from a different angle. We can help you radically reduce attack success rates – often by over 97 percent – but Blueliv remains the only provider to offer this in real time, seamlessly deployed for rapid results.
Download our whitepaper now for specialist insight into aspects of GDPR relating to a data breach, in addition to advice on how to improve incident-response time.
It should be every organization’s top priority to focus on its cybersecurity posture and compliance with the regulation – ensure that your organization has looked at all options to reduce the potential hit.