02:00 PM
Dark Reading
Dark Reading
Products and Releases

New McAfee Report Highlights Global Impact of Changing Data Protection Landscape

Seventy Percent of Business Decision-Makers Say GDPR will Make the European Union the World Leader in Data Protection.

SANTA CLARA, Calif.-- McAfee today released a new report, Do you know where your data is? Beyond GDPR: Data residency insights from around the world, which highlights businesses’ approach to data residency, management, and protection in light of global events, policies and the changing regulatory data protection landscape.

Based on a survey of 800 senior business decision-makers from across multiple industry sectors and eight countries, the report provides a comprehensive view of how organizations view 11 key data regulations from around the world, including the E.U. General Data Protection Regulation (GDPR), which will toughen and unify laws protecting personal data for over 500 million people residing in the European Union and applicable to companies based in and outside the EU processing EU personal data once becoming enforceable in May 2018.

The report shows that nearly half (48 percent) of organizations surveyed will migrate their data to a new location because of regulations like GDPR. A similar amount will migrate their data because of changing geopolitics or the approach to relevant policies in the United States. Seventy percent of respondents believe the implementation of GDPR will make Europe a world leader in data protection; however, the United States remains the most popular data storage destination, preferred by nearly half of all organizations surveyed.

“It’s critical that businesses do everything they can to protect one of the world’s most valuable assets: data,” said Raj Samani, Chief Scientist and Fellow at McAfee. “The good news is that businesses are finding that stricter data protection regulations benefit both consumers and their bottom line. However, many have short-term barriers to overcome to become compliant, for example, to reduce the time it takes to report a breach.”

Some key findings from the report include the following:

  • Privacy sells: Data protection delivers commercial advantage. Seventy-four percent of respondents believe organizations that properly apply data protection laws will attract new customers.
  • Regulations and policies present barriers to technology acquisition and investment: Approximately two-thirds of respondents say that GDPR (66 percent), U.S. policies (63 percent) and Brexit (63 percent) either already have or will impact their organization’s technology acquisition investments, while approximately 20 percent don’t yet know how these issues will impact their spending. More specifically, 51 percent of all respondents say their organization is being held back from technology investment because of external data protection regulations.
  • Public opinion key to data decision-making. Eighty-three percent of organizations take public sentiment towards data privacy into account when making data residency decisions.
  • Organizations take 11 days on average to report a breach.
  • Organizations put faith in cloud service providers. Eight in 10 respondents’ organizations are planning, at least in part, to leverage their cloud service provider’s responsibility to ensure data protection compliance.
  • Most organizations are ‘unsure’ of where their data is stored. Only forty-seven percent of organizations know where their data is stored at all times. The majority are unsure, at least some of the time.
  • Only two percent of management really understand the laws that apply to their organizations. While a majority of respondents (54 percent) believe their organization has a “complete understanding” of the data protection regulations that apply to them, just two percent of senior decision-makers know all the clauses of regulations that apply to their organizations.

Overall, the report reveals conflicting beliefs about data protection regulations. While global events and a tightening of data protection rules gives senior decision-makers pause when determining their company’s technology investment, most organizations look to store their data in those countries with the most stringent data protection policies. Clearly, there is recognition that, while businesses might not like strict compliance laws, they are beneficial to both customers and a company’s bottom line, even providing a competitive advantage in some cases. Moving forward, increased awareness and understanding about a company’s data assets will lead to better usage and protection.

For more information about today’s data protection landscape and to view the full report, visit:

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Who Does What in Cybersecurity at the C-Level
Steve Zurier, Freelance Writer,  3/16/2018
New 'Mac-A-Mal' Tool Automates Mac Malware Hunting & Analysis
Kelly Jackson Higgins, Executive Editor at Dark Reading,  3/14/2018
IoT Product Safety: If It Appears Too Good to Be True, It Probably Is
Pat Osborne, Principal - Executive Consultant at Outhaul Consulting, LLC, & Cybersecurity Advisor for the Security Innovation Center,  3/12/2018
Register for Dark Reading Newsletters
White Papers
Current Issue
How to Cope with the IT Security Skills Shortage
Most enterprises don't have all the in-house skills they need to meet the rising threat from online attackers. Here are some tips on ways to beat the shortage.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.