Guidance Software Releases General Data Protection Regulation (GDPR) Survey Results
May 23 2017 - 3:00PM
Business Wire
Study finds majority of companies are behind
schedule preparing for new regulation
Guidance Software, the makers of EnCase®, the gold standard in
forensic security, today announced at Enfuse 2017 the results of a
survey of companies on the General Data Protection Regulation
(GDPR). Set to go into effect on May 25, 2018, GDPR requires all
organizations doing business in EU member countries to comply with
new regulations governing the data privacy rights of EU
citizens.
“With nearly 5 billion data records exposed in the past 4 years
alone there is a clear trend toward stronger protection of consumer
data, and GDPR is a major first step in that direction,” said
Anthony Di Bello, Senior Director, Products, Guidance Software.
“This data suggests that many organizations are, on the whole,
behind schedule for compliance. Security leaders must make GDPR a
priority over the next year in order to avoid major financial
penalties.”
Highlights of the Guidance Software survey include:
- Companies are not far along with
GDPR planning: Only 15.7% of companies surveyed are in advance
planning for GDPR, while 24% of organizations say they will not be
ready by the May 2018 deadline.
- Bigger companies are further
along: 43% of organizations with $1 billion or more in revenues
currently have processes that can identify data records of any EU
citizen and determine where that data is being processed. This
compares to 26.8% of organizations with less than $100 million in
sales.
- Top 3 activities to be GDPR
compliant: For all companies, the top 3 activities to become
GDPR compliant are:
- Use/maintain policies/procedures for
the anonymization and de-identification of personal data
(24.9%).
- Conduct a full audit of EU personal
data manifestation (22.8%).
- Use US Cloud repositories implemented
with EU encryption (21.4%).
- Evaluate all third-party operational
partners that access personal data transfers (21.4%).
- Identifying data records of EU
citizens: More than half of companies surveyed have not yet
begun to evaluate third-party products or developer processes to
identify data records of EU citizens.
- Hiring Data Protection Officers:
When asked to prioritize the recruiting and training a qualified
Data Protection Officer, 23.7% named it a high priority; 18.1%
named it a medium priority; and 15.4% named it a low priority.
Survey Methodology
The survey questioned 225 senior-level IT security executives
from the US and UK in April 2017.
About Guidance Software
Guidance (NASDAQ: GUID) exists to turn chaos and the unknown
into order and the known — so that companies and their customers
can go about their daily lives as usual without worry or
disruption, knowing their most valuable information is safe and
secure. The makers of EnCase®, the gold standard in forensic
security, and EnForce™, an automated cyber risk management
platform, Guidance provides a mission-critical foundation of
market-leading applications that offer deep 360-degree visibility
across all endpoints, devices and networks, allowing proactive
identification and remediation of threats.
From retail to financial institutions, our field-tested and
court-proven solutions are deployed on an estimated 33 million
endpoints at more than 70 of the Fortune 100 and hundreds of
agencies worldwide, from beginning to endpoint.
For more information about Guidance Software, please visit
guidancesoftware.com, "Like" our Facebook page, follow us on
Twitter, or follow our LinkedIn page.
Guidance Software®, EnCase® and EnForce™ are trademarks owned by
Guidance Software and may not be used without prior written
permission. All other trademarks and copyrights are the property of
their respective owners.
GUID-F
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Guidance SoftwareAustin DeArmanO: 626-768-4641M:
202-341-9181newsroom@guid.com
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