The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy in the European Union and the European Economic Area. It was introduced in 2016 and pioneered privacy laws worldwide.
GDPR requires businesses to take steps to protect the personal data of individuals in the EU. This includes ensuring that personal data is collected and processed lawfully, transparently, and fairly. GDPR also gives individuals the right to know what personal data is being collected about them, the right to have that data erased, and the right to object to its use.
GDPR applies to any business that processes or intends to process the personal data of individuals in the EU. This includes businesses outside of the EU that offer goods or services to individuals in the EU.
With these attacks becoming increasingly common, the Australian Government is looking to step up its cybersecurity and data protection compliance requirements.
These increases will involve a larger financial penalty for the companies that experience a cyberattack that results in a data breach, along with possible legal ramifications for business owners/C-Suite executives.
The recent data breaches emphasise the importance of cybersecurity and data protection for business leaders. It’s critical to ensure that your staff, procedures, and technology are up to date to defend against contemporary threats. You don’t have to be a large, public company to become the target of a cyber assault; even modest companies may have information valuable to hackers.
Oper8 Global is here to help you take proactive steps to Data Security. We’ll work with you to identify your risks and vulnerabilities and implement the best possible cybersecurity solution for your business.
During October and November, Oper8 Global is offering free cyber security consultations to Australian Businesses, please follow this link to book in with one of our cyber security professionals