Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Security Management

10/19/2017
08:50 AM
Simon Marshall
Simon Marshall
Simon Marshall
50%
50%

GDPR Pressure Begins on US Multinationals

GDPR may be an EU regulation but it will have a significant impact on US companies doing business with any European customer, and the impact will start soon.

Europe's influence in US data protection law will soon prove whether businesses that hold personally identifiable information (PII) can meet the new General Data Protection Regulations (GDPR), currently awaiting launch in the US after the EU-US Privacy Shield act was ratified Wednesday by the EU.

May 25, 2018 is the date when GDPR will come into force. The scope of the regulation is quite frankly staggering. It affects not just EU businesses conducting trade with US companies, but anyone and everyone resident in Europe.

GDPR applies to any individual, whether their PII includes their private, professional or public life. The PII can be anything from a name, a home address, a photo, an email address, bank details, posts on social networking websites, medical information, right down to a computer's IP address.

And it will ask fundamental questions about data itself, essentially, what it is, how it is collected, where it goes, and it is stored.

Agreement between the EU and the Washington over just how those questions are answered could be a major stumbling block when it comes to enforcement, where definitions may be at odds between the two governments.

"Notification of breaches must be stringent, violation fines are expected to be stringent," Steve Schlarman, director of product marketing and GRC Strategist at security giant RSA, told Security Now. "It's a question of how law enforcement will look at the definition of what is an organization and how its data is used."

So, US firms could easily be forgiven for feeling somewhat panicked about the implications of GDPR. These include the difficulty of agreeable definitions concerning data breaches, how they are reported, and how the fine structure and tariffs for non-compliance should be calculated.

"How closely did companies conform to the regulations may form the basis of the fine. But there's a lot of interpretation here," said Schlarman. "The enforcement will have a structure, but there will be some learning."

Given attackers can sit unobserved within a network or system for months, this will inevitably pressure firms on their ability to detect, resolve -- and in the case of a breach -- qualify and quantify it using forensics.

Some observers accused SOINC Drive-In and Equifax -– two of the most recent data breaches –- of being slow to report and publicize their PII data exposures, potentially further endangering consumers financial and personal security. So an interpretation of "how quickly is good enough" looks like another basis for quibbles with the regulation.

Supporters of GDPR are positive about the regulation because is viewed as giving back control to citizens and residents over their personal data, and because it intends to simplify the regulatory environment for international business by unifying regulations within the EU with those in the US.

That should make it easier for non-European companies to comply; however, this comes at the cost of the strict data protection compliance regime with financial penalties of up to 2% of worldwide company turnover.

For its part, RSA announced Wednesday it is upgrading its security products to keep step with the rapidly developing GDPR environment. Data governance and privacy program management systems can now be paired with RSA breach response systems to tackle issues more quickly. Identity and data access assurance has been improved to help firms keep step with continuous compliance capabilities.

RSA also point to a recent PWC survey that indicates that GDPR compliance is at the top of the data protection list for over half of US multinationals.

Related posts:

— Simon Marshall, Technology Journalist, special to Security Now

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How Enterprises are Attacking the Cybersecurity Problem
Concerns over supply chain vulnerabilities and attack visibility drove some significant changes in enterprise cybersecurity strategies over the past year. Dark Reading's 2021 Strategic Security Survey showed that many organizations are staying the course regarding the use of a mix of attack prevention and threat detection technologies and practices for dealing with cyber threats.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-20836
PUBLISHED: 2021-10-19
Out-of-bounds read vulnerability in CX-Supervisor v4.0.0.13 and v4.0.0.16 allows an attacker with administrative privileges to cause information disclosure and/or arbitrary code execution by opening a specially crafted SCS project files.
CVE-2021-41154
PUBLISHED: 2021-10-18
Tuleap is a Free & Open Source Suite to improve management of software developments and collaboration. In affected versions an attacker with read access to a "SVN core" repository could execute arbitrary SQL queries. The following versions contain the fix: Tuleap Community Edition 11.1...
CVE-2021-41155
PUBLISHED: 2021-10-18
Tuleap is a Free & Open Source Suite to improve management of software developments and collaboration. In affected versions Tuleap does not sanitize properly user inputs when constructing the SQL query to browse and search revisions in the CVS repositories. The following versions contain the fix...
CVE-2021-41152
PUBLISHED: 2021-10-18
OpenOlat is a web-based e-learning platform for teaching, learning, assessment and communication, an LMS, a learning management system. In affected versions by manipulating the HTTP request an attacker can modify the path of a requested file download in the folder component to point to anywhere on t...
CVE-2021-41153
PUBLISHED: 2021-10-18
The evm crate is a pure Rust implementation of Ethereum Virtual Machine. In `evm` crate `< 0.31.0`, `JUMPI` opcode's condition is checked after the destination validity check. However, according to Geth and OpenEthereum, the condition check should happen before the destination validity check. Thi...