GDPR is around the corner. Are companies really prepared?

Jul 26, 2017 | 0 comments

May 2018. This date is now a major highlight in every organization’s calendar – especially those that have operations in the European Union. GDPR’s amendment will unify data storage, governance and security across the continent. This is the first amendment to the European data regulation since the law came into force way back in 1995 when the internet was taking baby steps and the world of data was much simpler.

While companies across industries claim to be well on the road to compliance, there still seems to be a large gap that is left open. And what is worrisome is that fact that leadership is often clueless about this.

The revelation

Early this year, Veritas Technologies published a report based on a GDPR-centric study. The result was a shocker. Most organizations were far from being prepared even to meet the basic data protection regulations. This was especially true for companies in Germany. Even companies in other countries such as the United Kingdom, France, and the United States are far from ready. The fact is that there is a very wide chasm between what has to be achieved and the current status or preparation.

 

Strange and scary, but true: The biggest obstacle that companies currently face is to keep track of data loss.

 

Data loss visibility: A key issue for SAP users

SECUDE’s data security experts too have heard about such a void from senior data security practitioners. During a recent event, SECUDE’s experts quizzed SAP data security heads on keeping track of data flows and potential loss, especially when they exit the landscape. More than half the respondents revealed that they did not have access to all incidents where data were lost. One reason was that data classification and their intended use were not clearly defined.

While it is true that data is safe within the boundaries of the SAP landscape, what happens to data when it reaches an end point – desktop, laptop or a hand-held device?

HALOCORE® is a unique technology that protects intellectual property and other sensitive information extracted from SAP systems. By integrating directly with SAP, HALOCORE® protects data with intelligent classification, strong encryption, and fine-grained access policies. This innovative approach allows enterprises to maintain a high level of control and security over sensitive documents extracted from SAP throughout their lifetime, even if these have been shared via email, downloaded to a recipient’s PC, moved to a mobile device, or uploaded to the cloud.

For more information, visit www.secude.com/halocore

Reference

Veritas Technologies: http://blog.wiwo.de/look-at-it/2017/07/24/datenschutz-grundverordnung-ein-drittel-der-firmen-sieht-sich-vorbreitet-zwei-prozent-sind-es/

Beta News: https://betanews.com/2016/10/12/few-businesses-prepared-for-gdpr/