GDPR may require significant changes to the way organisations respond to consumer data breaches. For example, any organisation that does business in Europe will have 72 hours to notify the supervising authority and data subject of a breach, or risk being fined ˆ20 million or up to 4 percent of their global annual turnover. A recent Ponemon Institute study found that 75 percent of organisations admit they lack a formal cyber security incident response plan (CSIRP) applied consistently across the organisation, meaning that GDPR response could prove to be challenging.
IBM Security is launching new GDPR capabilities to its Resilient Incident Response platform (IRP) a year ahead of the 2018 deadline to give organisations time to begin preparing and adapting. New capabilities include:
· Resilient GDPR Preparatory Guide. An interactive tool that prescribes step by step how you can prepare for GDPR. The guide leverages the flexibility of the Resilient IRP and makes preparation and planning interactive and dynamic. Tasks in the guide can be modified or assigned to more effectively manage the GDPR preparation workflow for the organisation, beyond breach notification. The Resilient GDPR Preparatory Guide covers all aspects of preparation and are captured in detail, making it easier to track and document for the future.
· Resilient GDPR Simulation. A new function within the Resilient IRP helps security analysts within an organisation rehearse the actions they may need to take if they experience a breach under GDPR, such as practicing for the 72-hour breach requirement, assessing risk of harm, or communicating with the Data Protection Officer (DPO) and Data Protection Authority (DPA). As part of the simulation, analysts assess a risk as high, medium or low, and follow the steps of engaging with a DPA and notifying the consumers whose data was compromised. The Ponemon study also found that the top barrier to cyber resilience is insufficient planning and preparedness; GDPR simulations can help reduce this barrier.
· Resilient GDPR-Enhanced Privacy Module. IBM Security added GDPR regulations to its global privacy module and will continue to update it so that once GDPR becomes enforceable on May 25, 2018, IBM Resilient clients will have access to the database of GDPR-related guidelines and regulations embedded into an incident response platform. GDPR’s extraterritorial provision means that non-EU-based companies that market to or process the information of EU Data Subjects are also affected. Despite this far-reaching impact, the Ponemon study shows that only about half of the 4,268 IT and IT security professionals surveyed have started to prepare for the GDPR regulation.
“GDPR is ushering in some of the most important changes to European data privacy regulations in twenty years, much of it involving policies and documentation that are difficult to improve with technology,” said IBM Resilient CEO John Bruce. “The Resilient Incident Response Platform is designed to help businesses comply with GDPR. It prescribes and can orchestrate people, process and technology in specific responses to data breaches.”
Most organisations already struggle with responding to cyber incidents. According to another Ponemon study, 66 percent of the professionals surveyed say they are not confident in their organisation’s ability to recover from a cyber incident. Moreover, 41 percent say the time to resolve a cyber incident has increased in the past 12 months.
“GDPR will add a new set of challenges for most organisations,” said Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute. “Our research shows that most companies globally do not feel confident in their ability to comply with data breach notification requirements. To get ahead of these challenges, organisations should be proactive about establishing processes and owners for ensuring compliance with the new requirements.”
The GDPR-enhanced Privacy Module is designed to reduce the time and complexity of responding to a data breach under the new regulation. For example, a US-based company with customers in Europe and the US could experience a breach that affects customers in Germany and in Massachusetts, California, and New York. Without access to the Resilient IRP, the company would have to know what to do – and who to contact – to comply with GDPR for their German customers, as well as knowing the people and processes involved in complying with the relevant and varying US federal and state laws for MA, CA, and NY.
