General Data Protection Regulation (GDPR) is set to land on the 25th May 2018 and is going to directly impact how we manage the
protection and security of data, leading to tighter constraints and regulations on how business' go about accessing
people's personal data.
Unless you’ve been living under a very large rock, you have probably seen that Facebook has been under serious fire for allowing Cambridge Analytica access to sensitive personal data of its users. Zuckerberg has been in the Congress hot seat, with intent to explain Facebook’s actions - and with attempt to rectify the business' reputation amongst the world.
According to DCM “whilst access control may seem an obvious part of any security, data centres must be able to demonstrate that they have the appropriate access policies in place”. As a result, generic data centres may have to follow a much stricter approach that is seen within finance and healthcare, which require audit logs of access attempts to see exactly who is logging on and what they are doing.
Evidence suggests that within such industries, many breaches of security are and have been committed internally, resulting in the need to implement a precise log to show who is doing what on the business' servers, playing an important role in maintaining harmony amongst industries that manage sensitive data.
As we have also seen in recent years, breach and leaking of personal data has become a gold mine for hackers, leading to a huge increase for cyber criminals to apply their skillset to. However, breaches in security can also be committed under controlled and (arguably) conscious circumstances, with Facebook for example being interrogated under the assumption that they knew what Cambridge Analytica were doing, and how it could have been prevented.
Real challenges are presenting themselves within the world of data; with unprecedented volumes of data falling victim to cyber security breaches, more effective and secure methods of data security will need to weave their way into industry to avoid the further risk of scandals and leaks before or whilst GDPR takes the reigns in dating handling.
With the fear of being compromised becoming a high possibility within the world of data, preparing against the future of cyber security breaches will become paramount if you want to avoid a multi-faceted media flush. To be prepared for these changes, be ready to become completely transparent with how you handle, regulate and ask for data if you plan on using it in any other way other than to store it.
We’ll revisit this topic later in the year to see how and if things have changed. Now, the UK’s ‘Data Economy’ is worth up to £73 billion as of recent figures, indicating that a high volume of businesses within industry are about to feel the impact.