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Tag: GDPR Compliance

GDPR Compliance: Big Challenge for Many Indian Firms

August 16, 2018 Pradeep Agrawal 0 Comments

Indian Business Firms are facing a big challenge to implement GDPR Compliance in their organization. According to the recent EY survey, most of the corporations in India are still struggling to comply with the EU’s GDPR. As GDPR brought in for data protection and privacy of individuals in May 2018. Over 63 % of respondent who are aware of the regulation and its necessities reported that they were non-compliant.

This embrace several large globally recognized organizations and key government entities, it said. The survey report disclosed that 76 % of organizations who take part in the survey, still comply with their own information governance policy; whereas 45% continue to struggle in their GDPR compliance journey.

IT/ITeS sector has taken a command in terms of its GDPR compliance and 31% corporations believe that they’re compliant, as they have taken a lead with 65 % property of this sector. This can be followed by automotive organizations out of that 23% think that they’re compliant with GDPR,” the survey aforesaid. Therefore, the survey also makes efforts to search out that the challenges which companies are going through in their GDPR compliance and getting satisfactory skilled resources and It is a prime roadblock in the journey GDPR compliance.

As more than 60 % of the organizations sighted these as the major challenge in performing GDPR compliance activities. The Lack of relevant tools & training and knowing of GDPR compliance and no internal support from leadership were some of the other reasons which were cited. In the fourth survey responders belonged to the firms that are offering goods and services in the EU, but still are unaware of GDPR and its impact. But, there is a good news too as 80% organizations are aware of GDPR have proactively started their compliance journey towards it.

Since, most of the firms are planning to raise their budget as they realize the requirement for privacy and surprising 70 % organizations, having more than 5,000 employees, are planning to raise their privacy budget in the coming year. Therefore, over 85% of the firms have raised their budget in last year and want to further improve it in 2018. The organizations who have covered this survey were spread across IT and ITes, healthcare, automotive, media and entertainment, banking and financial services; and the research was conducted between April-May 2018.

As Data Privacy Law is coming in our country and Draft already roll our last Month, so we need to be prepare more aggressively and pull our socks for up coming challenge.

#GDPRCompliance #GDPR


GDPR: An Opportunity or Burden ?

June 25, 2018 Pradeep Agrawal 0 Comments

Businesses these days are speedily accumulating information that identifies people. How that information is used and managed, and therefore the degree to that it protects individual privacy, varies greatly. With the GDPR, this may change.
New GDPR rules can protect the privacy of European residents and any businesses that deal with them. The hype that enclosed the introduction of the General Data Protection Regulation (GDPR) earlier this year directed a spotlight on the thorny issue of information privacy.

This is vital as loss of personal or work-related data may be a huge problem for businesses of any size or sector almost half of UK businesses have fallen victim to cyber attacks or security breaches within the last year, costing them every thousand of pounds, according to a UK government report. In essence, the GDPR is regarding protective and enabling the information privacy rights of people, handing power back to the data’s owner, whether it consists of location data, online identifiers like usernames, IP addresses or cookies, or different records.

The arrival of GDPR suggests that greater penalties for information loss are imposed, thus it’s essential that companies are compliant. However, recent information suggests that a lot of firms are still struggling with their compliance efforts. A poll by The Governance Institute (ICSA) shows that over three-quarters (78 percent) of organizations surveyed have found becoming compliant with GDPR to be “a heavy burden” on their resources. However, GDPR affects each organization, and little and mid-sized firms will fall victim to information breaches as much as the enterprise.
Having a business continuity and disaster recovery (BCDR) policy in place ought to be essential for any organization to protect client information from accidental loss or criminal information breach. However, within the case of GDPR, it ensures the integrity of the information and may facilitate firms get over a ransomware infection.

Being GDPR compliant needs understanding the information you hold, your policies and processes for managing that information and training employees to make sure they perceive and may adjust to these rules. Mapping out however information moves through the corporate and where it’s stored whether it’s in emails, CRM systems, cloud applications or on a backup appliance may be a good starting point. Once it involves defending against cyber-attacks and information breaches, human error is commonly an issue, thus educating your employees is crucial. Technology may be used to enforce consistent security policies across the organization.

Businesses should additionally make sure the ongoing confidentiality, integrity, and availability of process systems and services, likewise as having the vital ability to access personal information in a timely manner within the event of a physical or technical incident. With additional information being processed and keep, cyber threats continued to grow and with laws like GDPR being implemented, managing information is becoming increasingly complex for small businesses.

Non-compliance with the new regulation cannot solely cause reputational harm to an organization however additionally result in substantial fines. Within the coming months, case law and experience can shine a stronger light on exactly what the regulation means in reality.