Data security and data compliance: Is There Any Connection Between Two?
We all are familiar with the European General Data Protection Regulation (GDPR), which was implemented from May 25th, 2018. Other countries followed the footsteps of the European Union and came with their own GDPR-like regulations and data compliance became the buzzword across the globe.
The main aim of the GDPR was to impose regulations on how the data collected by the organizations can be used.
However, most of the countries remain noncompliant to GDPR and let me tell you, it is not easy to be a GDPR-compliant organization. For example, in 2019, Google received the $57 million fine for violations of the GDPR clearly shows that even bigger organizations at also struggling to adhere to GDPR compliance regulations.
You will not believe that many non-EU companies have closed their business operations from the EU market. Unfortunately, this is not a long term solution as more countries and states are coming up with GDPR-like regulations and you cannot withdraw your business interests from all the countries. It is not a feasible solution. What organisations are doing? They are strengthening the data security to adhere to data compliance and also to prevent cybercriminals from breaching into their systems.
Do you think that by taking steps for data security will make your company a GDPR complaint?
Even if you strictly adhere to GDPR or similar data compliance regulations, you might become a victim of data breaches. Don't forget the big names including Amazon, Facebook, Marriott hotels and even Google+ also became victims of data breaches. What is common about all these names is that they all were adhering to GDPR compliance regulations and still they were vulnerable to data breaches. It simply shows that you cannot stop cybercriminals to breach into your system even if you follow and adhere to GDPR regulations.
However, there is one thing that the GDPR or similar data compliance regulations offers to the organisations. It offers a framework for end-to-end data security such as standards for breach management, data protection, vendor management and data minimisation. So, with the GDPR as a foundation, you can move towards taking sufficient steps to prevent cybersecurity risks and to strengthen your data security measures.
Whom to give priority - Data compliance or data security?
With the invention of advanced and cutting edge technologies, even cybercriminals are becoming more advanced and they keep changing their breaching methodologies. So, you don't have any option to choose between data compliance and data security. You have to take appropriate steps to work on both of them by keeping a close vigilance through maintaining and updating IT infrastructure. With the GDPR like regulations, you can start working towards data protection. Experts suggest that compliance and security at two sides of the same coin and together, they can develop a more robust and reliable organisation system.
What is the solution?
You don't need to waste your valuable resources in various solutions that might not give you a perfect solution to address data breaches. Instead, you can develop a data-centric security strategy that protects the data throughout its life cycle. With a Tokenization process, which replaces sensitive data with a unique, randomly generated placeholder, organisations can use the original data while still protecting its original characteristics.
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