Cybersecurity and privacy has always been a matter of concern for the industries worldwide. Customer data is continuously under the risk of cyber-attacks like security breaches, email threats, malware, bots, mobile vulnerabilities etc. The latest to be added to this list was WannaCry ransomware that hit some of the major companies around the mid of this month.
The increasingly data-driven world needs equal attention to the protection of user data and files in organizations’ systems.
The GDPR (General Data Protection Regulation) was approved by the EU parliament in April 14th, 2016 and was brought in-force after 20 days, as an effort to protect the user data. But, the policy was to be made applicable in all the member states after two years of the enforcement date, i.e. by May 25th, 2018.
May 25th, 2017 marked the completion of one year, since the policy was enforced, leaving the companies with another one year time to make sure that all their data privacy and protection rules abide by the policies of GDPR. The companies who fall under non-compliance after May 25th, 2018 must pay a hefty amount as penalty which can go up as high as 4% of annual global turnover or €20 Million, whichever is larger.
May 25th, 2017 marked the completion of one year since the policy was enforced, leaving the companies with another one year time to make sure that all their data privacy and protection rules abide by the policies of GDPR. The companies who fall under non-compliance after May 25th, 2018 must pay a hefty amount as penalty which can go up as high as 4% of annual global turnover or €20 Million, whichever is larger.
The policy will cover the businesses processing the EU citizens’ data irrespective of the place they are located. Thus, IT companies need to face the stark question of either following the norms or paying the penalty.
Here, Microsoft taking a step forward, in an announcement said that its cloud services – Office 365, Dynamics, Azure, Windows 10 and Enterprise Mobility + Security will achieve full compliance with GDPR by May 25th, 2018. It is even selling its cloud services to organizations to help them meet the GDPR compliance. The firm has also published a GDPR compliance section in the Microsoft Trust Center covering the major facets of the policy.
Not only Microsoft, but other IT service providers and data protection firms are planning to take effective steps to make their products GDPR compliant. With just 360 days remaining from now, it will pose a big challenge for the companies.
Stay tuned to read about the latest updates on GDPR on DHN.
