GDPR is good for business
The General Data Protection Regulation (GDPR) affects all companies doing business in the EU – and that’s a good thing. The regulation is designed to improve data privacy by changing the way businesses manage and process personal data.
But it would be short-sighted sto ignore the pain points many businesses like yours may face along the way. Change is rarely easy, but having the right tools and mindset can actually position your business for growth by providing a simple and clear legal environment to conduct business. Some of the GDPR’s clear benefits include:
Uncovering ‘dark’ data
Identifying and eliminating obsolete data with no tactical value can increase your bottom line and make GDPR compliance easier. Dark data not only takes up space but can increase regulatory risk.
With greater awareness of your business’ data architecture, you can identify and address network and system irregularities faster. You’ll also be better positioned to spot issues that might lead to critical events before they happen and quickly correlate big data into actionable information.
Building customer trust
By securing your structure against damaging breaches and data loss, you can become a more attractive choice in the market. Privacy by design, one of the GDPR mandates, secures software from the get-go and gives your customers peace of mind knowing their data is safer.
Taking a closer look at your data
Key to GDPR compliance is having clear visibility into your network and adopting technologies to map and protect the personal data that you control or process. That data includes:
Identification numbers, contact information, online identifiers, etc.
Sensitive personal data
Information on racial or ethnic origin, political opinions, health status, etc.
Securing this data is mandatory. To ensure it’s protected, you’ll need to:
- Know the location of current data and who has access
- Track cross-border data flow
- Rapidly detect data breaches
- Notify authorities of a breach within 72 hours of detection
Additionally, public authorities and organizations that regularly and systematically monitor EU data subjects as a core business must designate a Data Protection Officer.
LogPoint does it all! Our next-gen SIEM solution monitors access to systems where your sensitive personal data is stored and keeps an eye on security across all systems. Should something out of the ordinary occur, you’ll know immediately.
Your analysts will have the information they need to spot efforts to compromise privileged data and maintain GDPR compliance. LogPoint also provides an overview of international data transfers, helping your security officer map data movement outside the EU.
Ask yourself the following questions to help determine the next steps for your business:
Is your company subject to the GDPR?
Which categories of personal data does your company wish to process?
Does your company play the role of a controller or processor?
Does your company have a legal basis to process personal data?
Does the processing have a legitimate purpose?
Can your company handle information in a less intrusive way and still achieve the same goal?
Does your company respect the rights of data subjects when processing personal data?
Is your company able to account for, and have the proper documentation and proof of, lawfully processing personal data?
Do special conditions apply for your company’s processing of personal data?
Where is your data today, and who has access to it?
Do you have processes in place to comply with Subject Access Requests (SAR) within the appropriate timeframe?
Do you have processes in place to delete data upon demand?
Are you able to rapidly detect data breaches?
Can you comply with the 72-hour breach notification requirement?
How are you tracking your cross-border data flow?