HONG KONG, July 24, 2018 /PRNewswire/ -- Privacy and data security have always been important issues for the European Union (EU). The General Data Protection Regulation (GDPR), which became mandatory on 25 May 2018, set rigorous standards for the protection of personal data and privacy. On July 13th, TUV Rheinland Hong Kong was invited by the Hong Kong General Chamber of Commerce to help its members understand the challenges and opportunities presented by the GDPR, and to share their insights on best practices in privacy management and ways to minimise potential risks.
4 Step Check for GDPR Readiness
YenEe Tan, Regional Consultant, IT Service and Cybersecurity of TUV Rheinland used a four-step approach to explain how enterprises can meet the GDPR standards and prepare for cybersecurity threats.
Step 1 - Identify personal data processing activities and mapping data flow
Step 2 - Perform gap analysis and risk assessment on GDPR readiness
Step 3 - Implement GDPR compliance improvement programme
Step 4 - Consider GDPR and data privacy centric certification
Sales, Marketing, Customer Service and the various departments of any organization all have a role to play in personal data processing. The GDPR emphasises the role of data ownership, which requires enterprises to focus on accountability in relation to the collection, storage, usage and transfer of personal data. Through effective penetration testing and IT/OT security analysis, TUV Rheinland can enormously reduce enterprises' vulnerability to potential hackers. Using gap analysis, customers can identify their current security posture and weaknesses which they can then plan to take the appropriate remediation steps to strengthen the technical and organizational security measures in their operations and continuously protect their systems and data from internal and external attacks.
8 Cybersecurity Trends in 2018
How can businesses better protect themselves from the increasing volume and complexity of cyberattacks while preparing for automation and digitalisation opportunities? TUV Rheinland sheds light on these questions in "Cybersecurity Trends 2018", which is available for download at http://bit.ly/trcybertrend2018. The report is based on a survey of TUV Rheinland's leading cybersecurity experts and input from clients in Europe, North America and Asia.
TREND 1: A rising global tide of cyber-regulation increasing the price of privacy
TREND 2: The Internet of Things drives the convergence of safety, cybersecurity, and data privacy
TREND 3: Operational Technology emerges as a frontline for cyberattacks
TREND 4: With cyber defences in place, focus shifts to threat detection & response
TREND 5: Increasing use of Artificial Intelligence for cyberattacks and cyber defence
TREND 6: Certifications become necessary to inject trust into cybersecurity
TREND 7: Passwords being replaced by biometric authentication
TREND 8: Industries under siege: Healthcare, Finance, and Energy
"Our goal is to raise awareness of the increasing cybersecurity risks affecting business and the safety of our clients", said Frank Luzsicza, Executive Vice President of ICT & Business Solutions, TUV Rheinland. "In this year's report, we focus on where we see the most significant threats and opportunities emerging. We highlight the implications of our increasingly connected world, how global regulation is responding, the need to inject trust into cybersecurity, ways to protect ourselves from 'intelligent' cyberattacks, and what we should do to close the skills gap in an environment starved of cybersecurity talent, yet overwhelmed by volumes of data."
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