As enterprises adopt GDPR requirements of privacy by design and default, there's an opportunity to win customer trust and build meaningful relationships through customer education around data privacy.
With GDPR in full swing, organizations need to prepare their incident response plans to move swiftly in the event of a breach and meet the mandated 72-hour incident disclosure window.
A July 2018 threat report from IBM X-Force Exchange revealed that threat group Magecart exploited unsecured third-party access to steal credit card details from Ticketmaster customers.
IT professionals often find their digital strategy is not keeping pace with the ongoing digital transformation. Accountability needs to be more broadly distributed to secure data adequately.
Recent research has shown that while consumers are demanding more transparency around information handling, few companies are doing enough to communicate with their customers about data privacy.
Many consumers are willing to volunteer their personal information for the sake of convenience, but it's important to understand that data privacy affects not only individuals but entire communities.
New privacy regulations in California, the U.K. and other areas are adding to the number of frameworks CISOs say they have to study to make the best internal budgetary decisions.
To keep GDPR compliance efforts on track, security leaders must collaborate across departments, invest in robust tools and services and adopt a risk-based approach to handling customer data.
Without a data breach response plan, companies will find it difficult to disclose security incidents within 72 hours as required by the General Data Protection Regulation (GDPR).
Organizations can fast-track their GDPR compliance efforts by focusing on three crucial areas: awareness and understanding; accountability and responsibility; and resources and support.