Free tools and resources for Data Protection Officers!

Tag Archives for " report "

85% of companies allow employees to access data from personal devices creating security risks

A recent report from security firm Bitglass surveyed IT experts, and found that 85% of organizations enable BYOD policies, citing employee mobility (74%) and employee satisfaction (54%) as the top two reasons for allowing employees, contractors, and other related parties to bring their own devices. However, the convenience of BYOD creates a particularly large attack surface for malicious actors to harvest information from these organizations.

Source: 85% of enterprises allow employees to access data from personal devices, security risks abound – TechRepublic

GDPR Burdens Hinder M&A Transactions

An increasing number of mergers and acquisitions (M&A) transactions may be stalling because of concerns over EU General Data Protection Regulation (GDPR) compliance, according to a survey of EMEA M&A professionals conducted by Merrill Corporation.

The implementation of the EU’s General Data Protection Regulation (GDPR) stood out as a major hurdle for mergers and acquisitions, with more than half of respondents (55 percent) citing the compliance and data protection employed by the target company as a primary reason a transaction did not progress. Additionally, 66 percent of those surveyed believe that GDPR will increase acquirers’ scrutiny of the data protection policies and processes of target companies, further complicating the deal-making process.

Source: GDPR Burdens Hinder M&A Transactions in the EMEA Region, According to Merrill Corporation Survey | Business Wire

EU startup funding drops since GDPR

In a working paper published this week, Jian Jia and Liad Wagman of the Illinois Institute of Technology and Ginger Zhe Jin of the University of Maryland show that, relative to their U.S. counterparts, European technology firms have been receiving less venture funding since the GDPR’s rollout. There’s been a 17.6 percent reduction in weekly venture deals in the EU, and the amount raised in an average deal dropped 39.6 percent. Most of the damage was to newer startups, created less than three years ago.

Source: Facebook and Google Aren’t Hurt by GDPR, But Smaller Firms Are – Bloomberg

AI, IoT, and edge computing drive cybersecurity concerns for 2019

As companies adopt emerging technologies, the cyber risk landscape is set to grow larger in the new year, according to a Forcepoint report. 2018 saw many large-scale data breaches, but 2019 will shift to more widespread, integrated cybersecurity concerns. Industrial IoT disruption, phishing attacks, and edge computing present some of the largest areas of cybersecurity risks.

Full article: AI, IoT, and edge computing drive cybersecurity concerns for 2019 – TechRepublic

Americans more concerned about data privacy than healthcare

Americans believe that companies should have a mission that goes beyond the money—one that has a positive impact on world hunger, job creation and education, according to the latest Harris Poll data.  According to 65 percent of survey participants, Data privacy most pressing issue.

Source: Americans more concerned about data privacy than healthcare, study says

Private Blockchains Could Be Compatible with EU Privacy Rules

A joint study between Queen Mary University of London and the University of Cambridge concluded that, whilst challenging, it is theoretically possible for organizations to design blockchain applications that fully comply with recently implemented EU ‘General Data Protection Regulation’.

Due to innate aspects of blockchain technology, like the immutability and inability to retrospectively remove customer data recorded as such, the problems become obvious when it comes to creating a solution compatible with this European regulation.

Full article: Private Blockchains Could Be Compatible with EU Privacy Rules, Research Shows

Predictions 2019: The Internet Of Things

Business stakeholders and CIOs in both B2B and B2C environments are planning and deploying IoT solutions to power digital transformation initiatives to revolutionize customer relationships, enhance operations, and differentiate products. IoT deployment momentum brings challenges. Firms must identify strategies and methods to secure, manage, and support the rapidly growing number of smart, connected IoT devices and solutions. Forrester has released its annual predictions for the internet of things in 2019.

Full summary: Predictions 2019: The Internet Of Things

IAPP-EY Annual Governance Report 2018

IAPP and Ernst & Young has published yearly report on privacy landscape. Like last year GDPR is dominating the privacy narrative.  Organizations have bulked up their privacy teams, tackled the hard work of implementing GDPR programs, spent a lot of money to get there (an average of $1.3 million, with an additional $1.8 million expected), and learned many lessons along the way. Still, fewer than 50 percent of survey respondents report they are “fully compliant” with the GDPR.

Source: IAPP-EY Annual Governance Report 2018

Consumers are more concerned with cybersecurity and data privacy in 2018

Ping Identity 2018 Consumer Survey: Attitudes and Behavior in a Post-Breach Era was released on Wednesday. It reveals that one in five users have been victims of a data breach, and out of that number 34% of them experienced financial loss. Following a breach, 78% of respondents said they would stop engaging with the brand online, and 36% said they would stop engaging with the brand completely. 54% of respondents are more concerned with protecting their personal data now than they were prior to the breach.

Source: Consumers are more concerned with cybersecurity and data privacy in 2018 – TechRepublic

>