by Simon Edwards
If there’s one word that perfectly sums up the past few weeks, it’s: “uncertainty”. Many IT bosses have been left unsure by many things following the referendum result – not least whether they should continue efforts to comply with the European General Data Protection Regulation (GDPR) or assume this is no longer necessary. New Trend Micro research has reaffirmed that compliance is the way to go. Why? Because it reveals a British public fed up with data breaches and increasingly aware of the value of their own data and how it’s used.
If you want to find out more on this and other key security issues and trends of the moment, come down to our annual CLOUDSEC event in London on the 6th of September.
Staying in control
There are many reasons why CIOs and CISOs should stay on the path to GDPR compliance. For starters, any companies with EU customers will need to comply when the regulation comes into force in May 2018. And there’s a very good chance that even if/when the UK extricates itself from the EU, we will still have to comply with equivocal legislation in order to trade with the bloc.
But as our new research reveals, it’s also just good practice from a security and data protection perspective. Trend Micro interviewed a nationally representative study of over 2,500 UK internet users back in April and found an overwhelming majority (85%) wouldn’t want their details shared by private companies. Not only is this up from the 75% who said the same two years ago, but it reflects a belief that such companies can’t protect this data, even if consumers are getting a better service as a result of sharing. In addition, a third of respondents said they’d definitely stop using a product or a service from a private sector company that suffered a breach compromising their data.
Why is this important? Because the GDPR is in part designed to force firms to improve their data security by levying major penalties – of up to 4% of annual global turnover – for non-compliance, and by enforcing mandatory breach notifications. It also aims to ensure all EU citizens must opt-in to data sharing, and will give them the ability to opt-out at any time. Nearly three-quarters (74%) of UK consumers told us said they would use this to stop businesses from sharing their data more widely, and over half (58%) claimed it would make it easier for them to stay in control of their online data.
Join us at CLOUDSEC
The GDPR will be just one of the many topics we’ll be tackling at this year’s CLOUDSEC conference in London. After a hugely successful inaugural event last year, the 2016 edition will feature an even bigger and better line-up of industry experts including:
Alex Hilton: CEO, Cloud Industry Forum (CIF)
Geoff White: Technology Journalist, Channel 4
Bob Flores: former CIA CTO
Steven Wilson: Head of Cyber Crime Centre (EC3), Europol
Timothy Wallach: Supervisory Special Agent, FBI Cyber Task Force
Raimund Genes: Trend Micro Global CTO
Troels Oerting: Barclays Global CISO
At the event, you’ll be able to hear from these and many more industry experts – from researchers to academics, law enforcers to security practitioners. There’ll also be ample time to network with your peers and discuss all the themes of the day, and the year so far: ransomware, hybrid cloud security, collaboration with law enforcement, next generation hacking techniques – the list goes on.
We’re looking forward to seeing you at the show: Tuesday, 6th September, Park Plaza, Westminster Bridge Road, London SE1 7UT.