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Unlike traditional ransomware notes that rely on fear-based tactics, a new ransomware strain called CyptMix preys on your generosity. Sign me up Author Andy Green Posted on JCategories Data Security Tags compliance CyptMix Ransomware Claims to Donate Your Ransom Payment to Charity

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Want to learn more about the GDPR?Д¬heck out our free 6-part email course (and earn CPE credits!) With the GDPR, though, itвЂ™s not a just great idea, but an important approach to help you avoid breaking this law. Of course, weвЂ™ve been preaching data awareness for a while now at the Inside Out Security Blog. In any case, most legal and compliance experts would agree that a sensible first step in getting into GDPR compliance is to do a complete data inventory вЂ“ what data is stored, where itвЂ™s stored, who has access to it, and what are the current access rights. This is a complex law, and the above list is not meant to be a complete run down of all the significant rules. This makes breach notification oversights a serious and expensive offense. More serious infringements can merit a fine of up to 4% of a companyвЂ™s global revenue.В This can include violations of basic principles related to data security - especially PbD principles.В A lesser fine of up to 2% of global revenue - still enormous - can be issued if company records are not in order or a supervising authority and data subjects are not notified after a breach. Fines вЂ“ The GDPR has a tiered penalty structure that will take a large bite out of offenderвЂ™s funds.This is the still controversial right to stay out of the public view and вЂњbe forgottenвЂќ. The GDPR extends this right to include data published on the web. Right to Erasure and To Be ForgottenВ вЂ“ ThereвЂ™s been a long standing requirementВ in the DPD allowing consumers to request that their data be deleted.This will especially affect e-commerce companies and other cloud businesses. In other words, the new law will extend outside the EU. Extraterritoriality вЂ“ The new principle of extraterritoriality in the GDPR says that even if a company doesnвЂ™t have a physical presence in the EU but collects data about EU data subjects - for example, through a web site-then all the requirements of GDPR are in effect.But the new law, its principles of minimizing data collection and retention and gaining consent from consumers when processing data are more explicitly formalized. Privacy by Design вЂ“ Privacy by Design (PbD) has always played a part in EU data regulations.

This is another new requirement in the regulation.

Data Protection Impact Assessments (DPIA) вЂ“ When certain data associated with subjects is to be processed, companies will have to first analyze the risks to their privacy.

Data subjects will also have to be notified but only if the data poses a вЂњhigh risk to their rights and freedomsвЂќ.

Breach notification вЂ“ A new requirement not in the existing DPD is that companies will have to notify data authorities within 72 hours after a breach of personal data has been discovered.

Out of all the many requirements and concepts in the GDPR, these sixВ would make it to the top of my list in terms of their importance:

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And if you want even more background details on the GDPR and how it has evolved from the existing Data Protection Directive (DPD), then by all means download our white paper. So those companies whoвЂ™ve been paying attention have had even more of a head start.ДЄs a reminder, weвЂ™ve written a very comprehensive blog post on the new regulation. Technically, the GDPR has been in close to final form for almost a year, as the key stakeholders worked out some important details. The GDPR will not be enforced until May 2018. So now the clock starts ticking, and companies have two years to get their data centers in order. Last month, the EU Parliament approved the final text worked out in the discussions. But in the never ending GDPR saga, there was always still one more hurdle to be completed. When the trilogue discussions ended in December, the EU General Data Protection Regulation (GDPR) reached its final form. Featured Webinar DatAlert Master Class On Demand Watch Now.Get a Personalized Varonis Demo (In-Person or Online) Schedule Now.Data Classification Engine Sensitive Data Discovery.Data Security Platform Product Suite Overview.See How you Rank Data Risk Assessment Non-intrusive, hassle-free.