Qualys Blog

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2 posts

Countdown to GDPR — Reduce your Risk

First discussed in the 1990s and turned into law last year, the EU’s General Data Protection Regulation (GDPR) finally goes into effect in May 2018, imposing strict requirements on millions of businesses and subjecting violators to severe penalties.

The complex regulation is of concern not just to European businesses. It applies to any organization worldwide that controls and processes the data of EU citizens, whose privacy the GDPR is meant to protect.

A recent PwC survey found that more than half of U.S. multinationals say GDPR is their main data-protection priority, with 77% of them planning to spend $1 million or more on GDPR readiness and compliance.

“The GDPR is putting data protection practices at the forefront of business agendas worldwide,” Steve Durbin, Information Security Forum’s managing director, wrote recently.

In other words, it’s crunch time for companies that fall within the GDPR’s broad scope and that haven’t completed their preparations to comply with this regulation. Gartner estimates that about half of organizations subject to the GDPR will be non-compliant by the end of 2018. You don’t want to be in this group of laggards.

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For GDPR Readiness, You Need Visibility into Your IT Assets

The looming deadline for complying with the EU’s General Data Protection Regulation (GDPR) is shining the spotlight on a foundational InfoSec best practice: A comprehensive IT asset inventory.

The reason: GDPR places strict requirements on the way a business handles the personally identifiable information (PII) of EU residents. For example, companies must know what PII they hold on these individuals, where it’s kept, with whom they’re sharing it, how they’re protecting it, and for what purposes it’s being used.

An organization can’t expect to comply with GDPR if it lacks full visibility into the IT assets — hardware and software — that it’s using to process, transmit, analyze and store this data.

“If you don’t know what IT assets you’ve got, how can you effectively find the data on your network that you need to meet GDPR requirements?” said Darron Gibbard, Qualys’ Chief Technical Security Officer for the EMEA region, during a recent webcast.

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