1EU’s GDPR Data Protection Regulations Bring Challenges, Opportunities
ABSTRACT: With data protection and data privacy becoming more of a concern, jurisdictions around the world are beginning to enforce data protection regulations. Among the most stringent set of regulations is the European Union’s General Data Protection Regulation (GDPR), which will be enforced starting on May 25, 2018. According to McAfee’s Beyond the General Data Protection Regulation report, data protection regulations represent both an opportunity and a challenge for organizations. The 20-page report is based on insights from a survey of 800 senior business decision-makers from eight countries. Among the key findings in the report is that up to 48 percent of organizations will consider migrating data to a new location due to data protection regulations. In this slide show, eWEEK looks at some of the highlights of McAfee’s report.
2Data Protection Rules Lead to Data Migration
3Data Protection Is a Competitive Advantage
4What Is GDPR?
The EU’s General Data Protection Regulation is a complex set of rules and requirements for data protection and breach reporting. In response to the survey question, “To what extent does your organization understand what the GDPR means to them?” 44 percent said they had complete understanding, while 41 percent reported they had a “good” understanding of GDPR.
5GDPR Compliance Requires Planning
6Breach Report Readiness Is Lagging
7Hiring a Data Protection Officer Is Not an Option
8The Importance of the Cloud
When looking to achieve data protection compliance, 38 percent of organizations reported that they would pass data controller responsibility to their cloud service provider.