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We're Still Not Ready for GDPR? What is Wrong With Us?
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sngs7dan
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sngs7dan,
User Rank: Strategist
11/20/2017 | 12:18:25 PM
Paying for Security
Back when I was a wee little lad getting my MBA, we had a class in calculating expected value. Using that 'back of the envelope' type of analysis, if you compare the risk of a E20,000,000 fine PLUS the cost of a E1,000,000 plus cost to remediate a reported breach against the certain expense of security, the stakes are now big enough that most companies, if following a rational(ized) budget process, may be willing to spend what it takes to begin being more secure.

No one says GDPR will prevent breaches. However, the increase in reported breaches will increase until companies (at least those that survive the penalties) wise up and do what is right because it's 'good business' (i.e., economically viable).


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