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Having legitimate consent is only half the battle: The top 5 ways to protect your data

A recent survey showed that nearly one in five (17%) of companies admitted they are still unsure as to what the benefits are of being GDPR-compliant . Many businesses have still not gained consent and yet are sending marketing emails.

More so, some do not have the proper opt-out policies in place and many are still struggling to make sense of the point of GDPR at all. These businesses are at risk of receiving a fine equating up to 4% of their annual turnover, a huge problem for the sole trader, man-on-the-street style business. But is this putting them at risk of more than a fine?

Full article: Having legitimate consent is only half the battle: The top 5 ways to protect your data

E-commerce is winning as most Americans now trust online business with their data

Despite conflicting opinions about online privacy, customers choose to shop with companies that take reasonable security precautions.

Most Americans are actually willing to online shop with retailers that previously faced a security breach—if they have taken measures to secure data, according to the report. With years of conflicting news about cybersecurity threats and breaches, users have almost become desensitized to the information, the report found.

Full article: Why e-commerce is winning: Most Americans now trust online retailers with their data – TechRepublic

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

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

Facebook CEO Mark Zuckerberg Gets Reputation Hit After Data Blunders

Facebook is the least trustworthy of all major tech companies when it comes to safeguarding user data, according to a new national poll conducted for Fortune, highlighting the major challenges the company faces following a series of recent privacy blunders.

Only 22% of Americans said that they trust Facebook with their personal information, far less than Amazon (49%), Google (41%), Microsoft (40%), and Apple (39%).

Full article: Facebook CEO Mark Zuckerberg Gets Reputation Hit After Data Blunders | Fortune

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

GDPR in Numbers

The numbers show that the GDPR – with only five months since its entry into effect – is not merely a set of general principles and empty promises but a practical and widely used tool for the protection of people’s privacy.

The European Data Protection Board claims that more than across Europe 42,230 complaints have been lodged across Europe. A large number of data breach notifications (nearly 13,000 overall) suggests that businesses and other organisations treat seriously the obligation imposed by Article 33 of the GDPR. As of 25 September, only six draft codes have been submitted: four in Romania, one in Poland, and one in Germany.

Full article: GDPR in Numbers

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