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Risk //

Compliance

12/5/2018
09:00 AM
Steve Zurier
Steve Zurier
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6 Ways to Strengthen Your GDPR Compliance Efforts

Companies have some mistaken notions about how to comply with the new data protection and privacy regulation - and that could cost them.
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We've now hit the six-month mark with GDPR, and all indications show companies are taking the data protection and privacy regulation seriously. In fact, a study by TrustArc published in the summer found that 74% of those surveyed in the US, UK, and throughout the EU expected to be compliant by the end of 2018 and 93% by the end of 2019.

All good news, but there's always dirt under the rug. Companies are making some serious oversights that could hurt them down the road.

"Keep in mind that the required implementation takes time, money, resources, and energy, but organizations need to realize that the $1 million spent to enact stronger security measures may be necessary to avoid a $10 million fine," says Matt Radolec, head of security architecture and incident response at Varonis.

Another important point: Many companies think that GDPR applies mainly to customer data, but its protections also apply to their own employee data and data about their customers' customers.

"Many think that if they are a B2B company, GDPR is not for them, but that's not the case," says Enza Iannopollo, a senior analyst on Forrester's Security & Risk team.

What other points should your company keep in mind? Read on for six tips on how improve your GDPR program.

 

Steve Zurier has more than 30 years of journalism and publishing experience and has covered networking, security, and IT as a writer and editor since 1992. Steve is based in Columbia, Md. View Full Bio
 

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