More data was lost or stolen in the first half of 2017 than during the whole of 2016 according to reports. According to Gemalto, less than 1 per cent of the lost, stolen or compromised data utilised encryption to make the information useless to the perpetrator: an exceptionally worrying statistic. Also worrying is that Cybercrime was responsible for the majority of data breaches. All of this begs the question, what are businesses doing to protect their data, financial position and reputation?
In just over eight months, one of the most far-reaching and comprehensive pieces of European regulation will change the face of how data is stored, handled and protected. The Regulation will increase expectations and rights concerning data privacy, and will push organisations to follow strict cyber security practices. Could your business survive a fine representing 2 per cent of turnover? If not, read on to discover what you should be doing to get it right with GDPR.