Prepare for GDPR with Four Key Capabilities

As the world becomes increasingly digitized, many organizations have or are obtaining all sorts of personal data. Can you imagine if that data got into the wrong hands? Large corporations like Best Buy, Kmart, Delta and Panera have been subject to data breaches within the past few weeks. Losing customer’s personal data can seriously damage an organization’s reputation. The European Union has passed a new data protection law called the General Data Protection Regulation (GDPR). GDPR will be enforced on May 25, 2018 and affects all companies that handle personal data of European citizens. Companies that are non-compliant with GDPR face heavy sanctions that can be as high as 4% of global turnover or 20 million euros (whichever greater). The purpose of GDPR is to strengthen the digital rights of individuals. Why a new data protection law?Digitization means an exponential increase in data including personal data. Stealing it becomes more lucrative. The EU realizes this and has set out to create a safer digital environment. What are the impacts for companies?Organizational changes, contractual changes, processes, technologicalPuts completely new demands on data handling. What can you do?It is important to understand GDPR requirements and implement strategies that reduce your organization’s exposure to GDPR sanctions. Most cloud applications partner with external companies for data protection. SAP SuccessFactors partnered with CipherCloud to help support their customer’s GDPR requirements. The SAP Data Encryption solution by CipherCloud provides the following four capabilities: Offering extensive protection of sensitive or private data Providing enhanced data residency down to regional controls Applying data protection policies based on location, user entity, or device type Reducing compliance audit scope and minimizing breach notification scope To learn more about the SAP Data Encryption solution by CipherCloud, sign up for this essential webinar: Prepare for GDPR with Four Key Capabilities Date:
May 3, 2018 Time:
1:00 p.m. ET Speakers:
Anthony James 
VP of Marketing, CipherCloud Inc. Kim Lessley
Director, Solution Management, SAP SuccessFactors Sign up Here



*** This is a Security Bloggers Network syndicated blog from CipherCloud CASB+ Platform | Enterprise Cloud Security authored by CipherCloud. Read the original post at: https://www.ciphercloud.com/blog/prepare-for-gdpr-with-four-key-capabilities