Security Solutions
Compliance as a Service
GDPR Compliance
Ensuring GDPR Compliance: Comprehensive Security Measures for Enhanced Data Protection
Adapt corporate security standards and cybersecurity posture to changing cyber threats
Organizations that control or process personal data from the European Union, whether based in or outside of the EU, must adhere to Global Data Protection Regulation (GDPR) legislation that safeguards EU individuals' basic right to privacy. This law applies not only to financial services organizations. This regulation standardized the processes for lawfully collecting, processing, and keeping personal data of EU citizens and residents, and it applies even to enterprises that have business arrangements with businesses that handle such sensitive data. A breach of personal data can be extremely costly for businesses.
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According to Gartner's predictions, a significant majority of companies are expected to prioritize investments in data privacy technologies by 2026.
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The Global Data Protection Market is expected to total $257.52 million by 2027.
What exactly is the General Data Protection Regulation?
The General Data Protection Regulation, or GDPR, is a privacy law enacted by the European Union (EU) in May 2018 to protect the privacy and data of its citizens by improving and unifying how organizations (both data controllers and data processors) collect, store, process, and handle personal data.
Understanding the importance of complying with GDPR for your organization is crucial.
GDPR, widely regarded as the most stringent data protection regulation, puts your customers in control by granting and upholding an individual's eight essential data rights. As the regulation empowers business prospects and consumers with rights over their personal data, it is critical for every business to become GDPR compliant in order to avoid harsh penalties for non-compliance, ensure data security, protect the business's reputation, and avoid the cost of damage control.
However, the GDPR regulations are not all doom and gloom. It also has numerous benefits. First, it will build your brand's reputation as a trustworthy custodian of consumers' personal data, increasing their trust in your company. Next, the mandate uses privileged and identity access management, which improves your organization's information security holistically. The mandate also considerably decreases maintenance costs and connects your firm with the most recent technological advancements, allowing for more informed decision-making.
Basic Data Rights of Your Consumers, You Must Safeguard
Right to restrict the processing of personal data
Right to access
Right to be forgotten
Right to data portability
Right to be informed
Right to correction of data
Right to object
Right to be notified
Basic Data Rights of Your Consumers, You Must Safeguard
Right to restrict the processing of personal data
Right to access
Right to be forgotten
Right to data portability
Right to be informed
Right to correction of data
Right to object
Right to be notified
8 Measures For GDPR Compliance
1. Map out all of the user data that your organization collects.
2. Appoint a Data Protection Officer (DPO).
3. Develop a comprehensive data record to showcase adherence to GDPR regulations.
4. Assess your data collection needs.
5. Assess your data collection needs.
6. Before gathering personal data, make your motivations explicit.
7. Implement an age verification method to protect underage users' data.
8. Enable doubt-opt-in consent for your email or newsletter subscribers.
Major factors that can affect your organization's GDPR preparation.
GDPR preparation demands meticulous data inventory, compliance analysis, and robust protection measures to ensure alignment with regulations and data security.
- Awareness of the influence
- Limited resources
- Privacy maturity level
- Cost of compliance
- The complexity of legislation
Bizionic's GDPR Services: An Overview can help you reduce cybersecurity threats.
Bizionic security solutions assist firms in remaining GDPR compliant in a simple and hassle-free manner by mapping large company data and doing complete data protection impact assessments and other process studies. Bizionic's comprehensive GDPR services can assist your organization in remaining GDPR compliant and up to date with the developing standards for protecting personal data in the following ways:.
- Efficiently handle, evaluate, and safeguard both structured and unstructured data.
- To build corporate networks, implement in-depth cookie management and end-to-end cookie testing.
- Identify flawed data encryption methods.
- Map extensive organization data.
- Thorough evaluation of endpoint security and enterprise security.
- Conduct a thorough investigation of encryption mechanisms to guarantee that eavesdropping and tampering are completely eliminated.
- Increase the extent of organization security.
- Identify and correct poor cookie management.
Bizionic provides comprehensive managed compliance and
compliance-as-a-service solutions.
IRAP
Based on Australian security laws and standards, the Information Security Registered Assessors Program (IRAP) provides a comprehensive framework for assessing, analyzing, and evaluating the effectiveness of an organization's cybersecurity measures. The Australian Signals Directorate (ASD) monitors this.
BANK NEGARA
Bank Negara Malaysia (BNM) oversees a significant regulatory framework and rules that specifically address operations in the banking, financial services, and insurance (BFSI) sectors.
THE CENTRAL BANK OF OMAN
The Central Bank of Oman has implemented regulations that apply to all functions in the banking, financial services, and insurance (BFSI) sector, as well as banking institutions in Oman.
SAMA
The Saudi Arabian Monetary Authority has implemented a centralized cybersecurity framework and protocols to provide guidance to firms in all industries on how to successfully safeguard their operations, assets, and data.
FINMA
The Swiss Financial Market Supervisory Authority provides regulations and frameworks to oversee banks, financial institutions, insurance companies, stock exchanges, securities dealers, and other entities.
UAE COMPLIANCE
The United Arab Emirates has implemented comprehensive legislation covering data residency, privacy, and other aspects of company operations, ensuring compliance on a wider scale.
GDPR
The General Data Protection Regulation (GDPR) is a comprehensive set of legislation that governs the acquisition and use of personal data by persons who are European Union residents.
PCI-DSS
The Payment Card Industry Data Security Standard establishes guidelines and standards to guarantee that all businesses involved in taking, storing, and processing credit card information maintain a highly secure environment.
HIP-AA
The Health Insurance Portability and Accountability Act establishes standards and protocols to guarantee the confidentiality, protection, and accuracy of sensitive patient data. Healthcare firms obtain the HITRUST (Health Information Trust Alliance) accreditation as evidence of their compliance with HIPAA regulations.
ISO STANDARDS
Compliance requirements for operations in the banking, financial services, and insurance (BFSI) sector, as well as for financial institutions, pertain to matters such as security, operational management, and data administration. The Reserve Bank of India, the leading banking institution in the country, provides these compliance requirements.
MAS
The Monetary Body of Singapore, which is the country's central body for banking, financial services, and insurance, has established guidelines for financial institutions outsourcing operations and procedures.
OJK
The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) issues and oversees the regulations governing the management and operations of financial institutions.
RBI
Compliance requirements for operations in the banking, financial services, and insurance (BFSI) sector, as well as for financial institutions, pertain to matters such as security, operational management, and data administration. The Reserve Bank of India, the leading banking institution in the country, provides these compliance requirements.
GXP
The GXP compliance standard is an abbreviation for regulatory criteria and recommendations that are applicable to many industries, such as life sciences, food, and medical items. The 'X' in GXP represents any letter that is relevant to a certain industry. Examples of these practices are good laboratory practices (GLP), good clinical practices (GCP), and good manufacturing practices (GMP).
An Impact with Difference:
Why Partner with Bizionic for
Enterprise Cybersecurity Transformation?
One of the top managed cybersecurity firms and the biggest application-focused managed cloud services provider in the world.
Pre-met standards for local, national, and international compliance, such as ISO, CSA, GDPR, HIPAA, SAMA, IRAP, and GXP certifications.
Seven Frameworks for Security Making use of CIS Critical Security Controls, MITRE ATT&CK, and other.
Extensive round-the-clock cybersecurity surveillance program.
Advanced Managed Detection and Response Solutions (MDR) are automated security solutions for threat prediction, detection, and response.
International proficiency in solutions and services for managed Security Operations Centers (SOCs). environments by integrating security and operations teams.
A portfolio devoted to DevSecOps.
Comprehensive end-to-end IT and cloud stack cybersecurity consulting, assessment, and audit reporting services.
The Cybersecurity Incident and Response Team (CSIRT) for Advanced Bizionic Solutions.
Significant experience in threat management in securing large and complex environments.
Comprehensive expertise in publicly managed cloud security services: AWS, Azure, GCP, and Oracle Cloud.