CIO OPINION
CIO opinion
“
ADOPTING ROBUST
DATA ENCRYPTION ENSURES
SENSITIVE CUSTOMER AND
COMPANY DATA IS PROTECTED
AT ALL TIMES, REGARDLESS OF
WHERE IT IS.
/////////////////
Steve Armstrong Regional Director UK, Ireland and South Africa
at Bitglass
Taking the fast lane
to GDPR compliance
Now that GDPR has been
implemented, we look at how
companies are coping with the
requirements. Implementing
robust and secure data
protection ensures constant
security for customers and we
hear from experts who tell us
about this in more detail.
T
he European Union (EU) General Data Protection Regulation
(GDPR) took effect on May 25, 2018, yet only 34.5% of nearly
500 professionals involved in GDPR compliance efforts say their
organisations can demonstrate compliance with the new data privacy
rules, according to a recent Deloitte poll.
Litigation, regulatory and internal investigation challenges could abound
for others. One third of respondents (32.7%) hope to be compliant
within 2018. And 11.7% plan to take a ‘wait and see’ approach amid
uncertainty over how EU regulators in various countries will enforce the
new regulation.
“The fact that the GDPR effective date has come and gone and many
are still scrambling to demonstrate a defensible position on GDPR
compliance reflects the complexity and challenges as the world of
privacy rapidly changes,” said Rich Vestuto, a Deloitte Risk and Financial
Advisory Managing Director in discovery for Deloitte Transactions and
Business Analytics LLP.
Third-party contract management for GDPR compliance
Only 13.6% of respondents are confident that their organisations know
what data third parties have and are leveraging Artificial Intelligence
(AI) and other technologies to analyse and manage third party
contracts for GDPR compliance.
www.intelligentcio.com
INTELLIGENTCIO
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