The General Data Protection Regulation (GDPR) went into effect on May 25, 2018 and it took no prisoners. On day one of GDPR enforcement, Facebook and Google were hit with $8.8 billion in lawsuits combined. The recent news has sent companies into a frenzy. An April, 2018 survey of over 1,000 companies conducted by the Ponemon Institute identified that half of the companies said they wouldn’t be compliant by the May 25 deadline. When it comes to the dealing with the challenges of GDPR, it’s important to think about many factors. The first is how to reduce the risk of a data breach or data loss in the first place. It’s important to consider whether next generation threat protection technologies should be implemented at the firewall or at the end point. You should also take necessary precautions in reducing the risk of a hacker getting into your database or an employee making a mistake that leads to data loss. Another factor to think about when it comes to data processing security is which technologies can reduce the overall impact of a data breach. The General Data Protection Regulation specifically mentions encryption as a key method to reduce potential impact. When a data breach occurs, it’s very difficult to prove sensitive data was not on that cloud or device which can lead to a big impact situation. What makes encryption powerful is that you can show when your cloud or device was encrypted. This proves you took necessary data protection precautions and can massively mitigate any possible fines. Encryption can also prove it was impossible for a hacker to get hold of sensitive data when they were in your system since they didn’t have access to the decryption key. Encryption can have a huge effect on the impact of a potential data breach and is often referred to as GDPR’s “get out of jail free” card. Encrypting data in your clouds and devices sounds like a daunting process, but CipherCloud experts are here to help. We make sure the process is as seamless as possible and can encrypt your cloud or device data instantly. Request your free trial today!
Learn more about how to prepare for GDPR :
*** 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/how-encryption-mitigates-gdpr-fines