According to last year’s Gartner forecast, public cloud services are anticipated to grow to $USD 266.4 billion by the end of this year, up from $USD 227.8 billion just a year ago. Clearly, cloud computing is making its way to cloud nine, (See what I did there?) leveraging the sweet fruits of being in the spotlight for a decade. However, the threats to public cloud security are growing at the same rate.
Despite the optimistic outlook, emerging public cloud security challenges in 2020 have now reached an alarming stage. The cloud security market has witnessed a few of the nastiest cybercrime cases, even during the COVID-19 pandemic.
Role of GDPR compliance and Data Privacy
What are the Business Implications of GDPR?
GDPR puts the customer in the driver’s seat. It tasks businesses to comply with the regulation in order to honor the customer’s personal data security, privacy and integrity. This GDPR compliance is followed by countries throughout the EU as well as by many non-EU countries.
What falls under GDPR Compliance?
When your business is offering products or services to an EU citizen, regardless of whether you are an EU or non-EU based company, this compliance applies to you. Companies that work daily with personal data are required to appoint a data controller or a protection officer accountable for the organization’s obedience to the regulation. If the company doesn’t comply with these GDPR requirements, there are strict implications and penalties of up to 4% of annual revenue globally or up to 20 million Euros, whichever is higher.
Under the GDPR, individuals are given:
- The right to access
- The right to data portability
- The right to be forgotten
- The right to be notified
- The right to be informed
- The right to restrict processing
- The right to (Read more...)
*** This is a Security Bloggers Network syndicated blog from The State of Security authored by Tripwire Guest Authors. Read the original post at: https://www.tripwire.com/state-of-security/security-data-protection/cloud/emerging-public-cloud-security-challenges/