- Jun 9, 2013
- 6,720
As more data breaches occur everyday and more data privacy regulations come into force, such as EU GDPR, organizations are beginning to make data governance and data protection more of a priority.
Delayed breach notifications and threat detection could intensify the regulatory challenges of data protection. In particular, 16 percent of businesses take between one and six months to detect a security threat and 5 percent only detect a threat when notified by external parties, according to the Blancco Technology Group.
While threat detection plays a vital role in helping organizations prevent data loss/theft, it’s equally important for organizations to notify regulatory authorities and customers of a data breach in a timely and efficient manner.
Despite the EU GDPR’s requirement to notify regulatory authorities of a data breach within 72 hours, 13 percent of the surveyed IT professionals admitted it takes between one month and one year to do so. In such instances, these organizations would be in violation of the EU GDPR’s breach notification requirement and could face regulatory fines of up to €20 million, or 4 percent of their global turnover, whichever is greater.
Key findings
Read More. Delayed breach notifications open door to regulatory fines - Help Net Security
Delayed breach notifications and threat detection could intensify the regulatory challenges of data protection. In particular, 16 percent of businesses take between one and six months to detect a security threat and 5 percent only detect a threat when notified by external parties, according to the Blancco Technology Group.
While threat detection plays a vital role in helping organizations prevent data loss/theft, it’s equally important for organizations to notify regulatory authorities and customers of a data breach in a timely and efficient manner.
Despite the EU GDPR’s requirement to notify regulatory authorities of a data breach within 72 hours, 13 percent of the surveyed IT professionals admitted it takes between one month and one year to do so. In such instances, these organizations would be in violation of the EU GDPR’s breach notification requirement and could face regulatory fines of up to €20 million, or 4 percent of their global turnover, whichever is greater.
Key findings
Read More. Delayed breach notifications open door to regulatory fines - Help Net Security
